The National Security Levy (Amendment)

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Published: 1996

The National Security Levy (Amendment)
The National Security Levy (Amendment)




AN ACT TO AMEND THE NATIONAL SECURITY LEVY ACT, No. 52 OF 1991.








BE it enacted by the Parliament of the Democratic Socialist Republic of Sri Lanka as follows :-



[20th July

, 1996 ]













Short title.



1. This Act may be cited as the National Security Levy (Amendment) Act, No. 11 of 1996.



Amendment of section 4 of Act No. 52 of 1991.



2. Section 4 of the National Security Levy Act, No. 52 of 1991 (hereinafter referred to as the" principal enactment") is hereby amended in paragraph (f) of that section as follows :-





(1) In sub-paragraph (1) of that paragraph-





(a) by the substitution in item (A) of that sub-paragraph for the words, "not being turnover arising from the import or manufacture of any plant, machinery or equipment ; ", of the words, "not being turnover referred to in item (B) of this sub-paragraph ; " ; and.



(b) by the substitution in item (B) of that sub-paragraph for the words, "any plant, machinery or equipment,", of the words, "any plant, machinery or equipment not Being any motor car, motor coach or lorry within the meaning of the Motor Traffic Act (Chapter 203),";



(2) in sub-paragraph (ii) of that paragraph-





(a) by the substitution in item (A) of that sub-paragraph for the words, "not being turnover arising from the import or manufacture of any plant, machinery or equipment ;", of the words "not being turnover referred to in item (B) of this sub-paragraph ;" ; and



(b) by the substitution in item (B) of that sub-paragraph for the words, "any plant, machinery or "equipment,", of the words, "any plant, machinery or equipment not being any motor car, motor coach or lorry within the meaning of the Motor Traffic Act (Chapter 203),".



Amendment of section 10 of the principal enactment.



3. Section 10 of the principal enactment is hereby amended by the repeal of the definition of "plant, machinery or equipment".



Amendment of the Schedule to the principal enactment.



4. The Schedule to the principal enactment is hereby amended by the repeal of item 6 of that Schedule and the substitution of the following item therefor :-





"6 For any quarter commencing on or after January 1, 1996 but prior to January 1, 1977-





(i) on the turnover other than the turnover referred to in paragraph (ii) of this item 4.5 per centum.



(ii) on the turnover arising from the import or manufacture of any plant, machinery or equipment not being any motor car, motor coach or lorry within the meaning of the Motor Traffic Act (Chapter 203) 2 per centum."



Retrospective operation-



5. The amendments made to the principal enactment by sections 2, 3 and 4 of this Act, shall be deemed for all purposes to have come into force on December 29, 1995



Sinhala text to prevail in case of inconsistency.



6. In the event of any inconsistency between the sinhala and Tamil texts of this Act, the Sinhala text shall prevail.
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