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2. Amendment to section 3 of the Ports and Airports Development Levy Act…

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Section 3 of the Ports and Airports Development Levy

Act, No. 18 of 2011 (hereinafter referred to as the “principal enactment”) is hereby amended in subsection (2), by the repeal of paragraphs (a) and (b) of that section and the substitution therefor of the following new paragraphs:-

“(a) for the purpose of processing and re-export;

(b)

to be used as a raw material for the manufacture of goods for exports; or

(c)

for storage, fabrication, repairing, servicing or exportation as the case may be, being equipment, tools, materials, consumables in or from a bonded facility to be used in the petroleum operations conducted within or outside Sri Lanka.

For the purposes of paragraph (c), the expression

“petroleum operations” shall have the meaning assigned to it under the Petroleum Resources Act, No. 26 of 2003.”.

Read on from s 3