Section 7

Amendment of section 10 of the principal enactment in sub-paragraph (iii) of that paragraph by the substitution for the words “for use outside Sri Lanka”, of the words “for use outside Sri Lanka ; and” ;

by the addition immediately after sub-paragraph (iii)

of that paragraph, of the following new paragraph :-—

“(iv) international transportation (including transhipment) of goods or passengers.”

Section 10 of the principal enactment is hereby amended in subsection (1) of that section by the repeal of paragraphs (a), (b) and (c) of that subsection and the substitution therefor of the following paragraphs :—

“(@)

(0)

(c)

at the end of any taxable period of one month or t'irce months, as the case may be, the total value of his taxable supplies of goods or services or goods and services made in Sri Lanka in that taxable period of one month or three months, as the case may be, has exceeded five hundred thousand rupees ; or in the twelve months period then ending, the total value of his taxable supplies of goods or services or goods and services made in Sri Lanka has exceeded one million and eight hundred thousand rupees ; or at any time there are reasonable grounds to believe that the total value of his taxable supplies in Sri Lanka of goods or services or goods and services in the succeeding one month or three months taxable period, as the case may be, is likely to exceed five hundred thousand rupees or in the succeeding twelve months period is likely to exceed one million and eight hundred thousand rupees :

Provided however that where the Commissioner-General is of opinion that the supply of goods relate to an isolated transaction, the value of such supply may be excludéd ‘i: calculating the total value of taxable supr'~. ior the purposes of this section.”.