As enacted

Contents

9. Amendment of the First Schedule to the principal enactment

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

The First Schedule to the principal enactment is hereby amended in Part II thereof as follows :—

"(1)

in paragraph (a) of that Part—

(a)

in item (iv), by the substitution for the words

"gold coins and temporary import of any plant, machinery or equipment or any goods to be used as exhibition materials or as materials in any technical demonstration, and which are re-exported within twelve months from the date of import;" of the words "gold coins

(effective from 17.07.2007);";

(b)

in item (xii) by the substitution for the words

"yarn and dyes used for handloom industry and" of the words "yarn used for the textile industry and dyes used for the handloom industry, as identified under the Harmonized

Commodity Description and Coding System

Numbers for Customs purposes, and (effective from 01.01.2008)”;

“Time Limit for the recovery of the tax in default.

(2)

in paragraph (b) of that Part—

(a)

in item (i) (a) thereof, by the substitution for the words "education service by an education"

of the words "education service by an education (effective from 01.01.2006)";

(b)

by the repeal of item (xii) and the substitution therefor of the following:—

"(xii)

all healthcare services provided by medical institutions or professionally qualified persons providing such care

(effective from 01.07.2007)”;

(c)

by the addition immediately after item (xxi), the following:—

"(xxii)

clay roof tiles (effective from 01.07.2007) or chemical naptha

(effective from 17.07.2007), to the extent that such clay roof tiles or chemical naptha are manufactured in

Sri Lanka;

(xxiii)

unprocessed agricultural, horticultural or fishing products produced in

Sri Lanka, including the local supply of unprocessed agricultural, horticultural or fishing products where value added tax has not been collected or paid to the Department of Inland

Revenue on or after 01.07.2007;

(xxiv)

unprocessed prawns produced in Sri

Lanka, including the local supply of unprocessed prawns, where value added tax has not been collected or paid to the Department of Inland

Revenue on or after January 1, 2004

(effective from 01.01.2008);

(xxv)

imported rattans (effective from 01.07.2007);

(xxvi)

locally produced dairy products out of locally produced fresh milk in so far as such milk is produced in Sri Lanka and locally produced rice products containing rice produced in Sri Lanka

(effective from 01.01.2008); and

(xxvii)

locally manufactured sugar (effective from 01.01.2008).";

(3)

in paragraph (c) of that Part, by the addition immediately after item (xviii) of the following:—

"(xix)

(a)

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

(b)

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, and in respect of which tax is differed in terms of paragraph (b) of the second proviso to subsection (3) of section 2

(effective from 17.07.2007);

(xx)

aircraft engines or aircraft spare parts identified under specified Harmonized

Commodity Description and Coding

System Numbers for Customs purposes

(effective from 17.07.2007);

(xxi)

rattans under HS Code No. 1401.20

(effective from 01.07.2007);

(xxii)

plant and machinery by an undertaking qualified for a tax holiday under section 24C of the Inland Revenue Act,

No. 10 of 2006, for use by such undertaking for the purpose of manufacturing or for the provision of services. (effective from 01.01.2008)";

(xxiii)

goods for any strategic development project or specified project referred to in paragraph (f) with the approval of the Minister of Finance.”;

(4)

by the insertion immediately after paragraph (e) of that Part, the following new paragraph :—

"(f)

the supply of —

(i)

goods or services to any project identified as a Strategic Development Project, in terms of section 3(4) of the Strategic

Development Projects Act, No. 14 of 2008

(effective from 01.01.2008); or

(ii)

goods or services to any specified project identified by the Minister in charge of the subject of Finance, taking into consideration the economic benefit to the country, on which project the tax is borne by the Government (effective from 01.01.2008) ; or

(iii)

goods or services by any co-operative society registered under the Co-operative

Societies Law, No. 5 of 1972 (effective from 01.01.2008).".

Read on from s 10