As enacted

Contents

18. Amendment of the first schedule

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 as follows:-

(1)

in paragraph (a), (a) in item (i), by the substitution for the words

“eggs and liquid milk (not made out of powdered milk or any grain);” of the words

“eggs, liquid milk (not made out of powdered milk or grain) and powdered milk;”;

(b)

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

“aircrafts, helicopters and” of the words

“aircrafts, helicopters, pearls, diamonds, natural or synthetic precious or semi precious stones, diamond powder, precious metal, metals clad with precious metals, gold coins and “

(c)

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

“kerosene, aviation fuel” of the words

“kerosene, Liquid Petroleum Gas and aviation fuel (effective from August 5, 2005) diesel and aviation fuel (effective from 1.8.2005), “;

(d)

by the addition, immediately after item (xi), of the following:-

“(xii)

machinery used for construction industry imported not later than

December 31, 2008, milk processing machinery, computers including computer accessories, machinery, yarn and dyes used for handloom industry and machinery used for rice milling industry (effective from 23.12.2005)

which are identified by the

Commissioner General of Inland

Revenue under

Harmonized

Commodity Description and Coding

System Numbers for Custom purposes;

(xiii)

plant and machinery by a company, for the use in a new undertaking by such company in any District other than

Colombo and Gampaha as having a capital investment of not less than rupees thirty million and the other criteria specified in section 20 of the

Inland Revenue Act for the purposes of the Tax Holiday;

(xiv)

media equipment or motor bicycles recommended by the Secretary to the

Ministry of the Minister in charge of the subject of Media and approved by the Minister, for use by media personnel,

(2)

in paragraph (b), (a) by the repeal of item (i), and the substitution therefor of the following:-

“(i) (a) educational services by an educational establishment; or

Government school or a school funded by the Government or

(effective from July 1,2004) schools registered with the Ministry of education that followed the

Government curricula; and

(b)

public library service by the

Government, Provincial Council or a local authority; ”.

(b)

by the substitution for item (ix) of the following:-

“(ix)

goods or services funded directly by foreign organisations for the relief of sudden distress caused by natural or human disasters or to any activity having regard to the interest of the national economy, as approved by the

Minister.”;

(c)

by the addition, immediately after item (xii), of the following:-

“(xiii)

unprocessed timber logs, ships or goods referred to in the

Third Schedule so far as such timber logs, ships or such goods are imported into Sri

Lanka;

(xiv)

food products made out of grains cultivated in Sri Lanka, as identified by the

Commissioner General as high protein and high energy agro foods provided that procurements of such grains with backward integration from out growers is undertaken;

(xv)

services by Tower Hall Theatre

Foundation established by the

Tower

Hall

Theatre

Foundation Act No.1 of 1978

or Central Cultural Fund established under Central

Cultural Fund Act, No.57 of 1980;

(xvi)

sea sand.”;

(3)

in paragraph (c), (a) by the substitution for item (iii) thereof, of the following:-

(iii)

goods by organizations approved by the Minister, where he is satisfied that such goods are gifts from persons or organizations abroad, or are out of funds received from such organizations, for the relief of sudden distress cau sed by natural or human disasters, or such goods being medical equipment, medical machinery or any ambulance.”;

(b)

by the addition immediately after item (x), of the following:-

“(xi)

any ship;

(xii)

unprocessed timber logs.”.

Read on from s 19