2. Amendment of section 6 of Act…

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

Section 6 of the Value Added Tax Act, No.14 of 2002

(hereinafter referred to as the “principal enactment”) is hereby repealed and the following section is substituted therefor:-

6. (1) The value of goods imported, other than the goods as prescribed by regulation shall be the aggregate of –

(a)

the value of the goods determined for the purpose of custom duty increased by ten per centum; and

(b)

the amount of any custom duty payable in respect of such goods with the addition of any surcharge, cess, any

Ports and Airports Development Levy payable under the Finance Act, No. 11

of 2002, and any excise duty payable under the Excise (Special Provisions)

Act, No. 13 of 1989 on such goods.

(2)

The Minister may, from time to time, prescribe by regulation, the manner by which the value of goods specified in the regulation made under subsection (1) is to be determined.

Any such regulation made by the Minister shall be approved by the Cabinet of Ministers and

“The value of goods imported.

Act, No. 19 of 2019

published in the Gazette. Such regulation shall be placed before the Parliament for approval and shall be effective only upon it being approved by the Parliament.”.

Read on from s 3