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Finance (Amendment) |
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| AN ACT TO AMEND THE FINANCE ACT, NO. 11 of 2002 | | |
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| BE it enacted by the Parliament of the Democratic Socialist Republic of Sri lanka as follows:- | |
[11th December , 2002 ] |
Short title. | 1.This Act may be cited as the Finance (Amendment) Act, No.30 of 2002. | Amendment of section 2 of Part I of the Finance Act No 11 of 2002. | 2.The Finance Act, No. 11 of 2002 (hereinafter referred to as the "principal enactment") is hereby amended in section 2 of Part I of that Act, (Port and Airport Development Levy) by the substitution for the words "on the cost, insurance and freight value of that article " of the words "on the cost, insurance and freight value of that article: | | Provided that in the case of an article imported into Sri Lanka, for the purpose of processing and re-export, the levy on the cost, insurance and freight value of that article shall be charged and levied at the rate of 0.75 per centum". | Retrospective effect. | 3. The amendment made to the principal enactment by section 2 of this Act, shall be deemed for all purposes to have come into effect on May 1, 2002. | Sinhala text to prevail in case of inconsistency. | 4. In the event of any inconsistency between the Sinhala and Tamil texts of this Act, the Sinhala text shall prevail. | |
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