Ports and Airport Act 2012 · As enacted
2. Amendment to section 4 of Act…
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
Section 4 of the Ports and Airports Development
Levy Act, No. 18 of 2011 is hereby amended by the repeal of subsection (2) thereof and substitution therefor of the following subsection :-
“(2) Notwithstanding the provisions of sections 2 and 3, the Director - General of Customs shall defer the collection of the levy on the importation of any article –
for the use of any specified project identified by the Minister in charge of the subject of
Finance, having regard to the interests of the national economy on which the tax is borne by the government, with effect from July 1,
2009 until such time the article is re-exported after the completion of such project, subject to the furnishing of a corporate guarantee which covers the amount of the tax due on the article so imported; or
being plant, machinery or equipment by any undertaking qualified for a tax exemption under section 16D or 17A of the Inland
Ports and Airports Development Levy
(Amendment) Act, No. 10 of 2012 2
Revenue Act, No. 10 of 2006, as the case may be, during the project implementation period, for the use by such undertaking for the purposes specified in the agreement entered into with the Board of Investment of
Sri Lanka established under Board of
Investment Law, No. 4 of 1978 on which tax is exempted subject to the fulfillment of the conditions specified in the agreement entered into, and to the furnishing of a bank guarantee which covers the amount of the tax due on the article so imported.”.