2. Amendment of section 2 of Act…

Section 2 of the Value Added Tax Act, No. 14 of 2002 (hereinafter referred to as the "principal enactment")

is hereby amended in the second proviso to subsection (3)

of that section, by the repeal of paragraph (b) thereof and the substitution therefor of the following:—

"(b)

any goods temporarily imported into Sri Lanka —

being plant, machinery or equipment of high value to be used for any project; or

being goods to be used as exhibition material or as materials in any technical demonstration, and which are re-exported after the completion of such project, exhibition or demonstration, as the case may be, with the approval of the Minister, up to the date of such competition, exhibition or demonstration.”.