Finance (Amendment) Act 1983

AN ACT TO AMEND THE Finance Act, No. 38 or 1971,

BE it enacted by the Parliament of the Democratic Socialist

Republic of Sri Lanka as follows :—

i. This Act may be cited as the Finance (Amendment)

Act, No. 14 1983.

Section 29 of the Finance Act, No. 38 of 1971, as amended by Act No. 7 of 1974 (hereinafter referred to as the “ principal enactment”) is hereby Tepealed and the following section substituted therefor :-—

Replacement of section 29 of Act No. 38 of 1971.

“Levy of

29. Notwithstanding any of the provisions bor a vure to

Of the Motor Traffic Act, where payment of pay licence any licence fee due under any regulation due date.

made under that Act is not paid in full on or before the date on which such fee falls due for payment under that Act, or under any

Notification made under section 28a, there shall be levied and collected a penalty—

amounting to ten per centum of the amount of such licence fee, if it is paid in full after the date on which such licence fee fell due for paymeni but before the expiration of six months from that date ;

amounting to twenty per centum of the amount of such licence fee, if it is paid in full after the expiration of six months from the date on which such licence fee fell due for payment but before the expiration of twelve months from that date ;

amounting to thirty per centum of the amount of such licence fee, if it is paid in full after the expiration of twelve months from the date cn which such licence fee fel] due for payment. ”.

The amendment made to the principal enactment by section 2 of this Act shall be deemed for all purposes to have come into operation on January 1, 1982, and accor-dingly, where any penalties have been levied and collected between January 1, 1982 and the date of commencement of this Act, at the rates set out in section 29 of the principal enactment as amended by section 2 of this Act, such penalties shall be deemed to have been lawfully levied and collected under the principal enactment as amended by this

Act.

Annual subscription of Bills and Laws of the Parliament Rs. 150 (Local),

Rs. 200 (Foreign), payable to the SUPERINTENDENT, GOVERNMENT PUBLICATIONS

Bureau, P. O. Box 500, CotomsBo 1, before 15th December each year in respect of the year following.