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| Ports And Airports Development Levy (Amendment) |
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AN ACT TO AMEND THE PORTS AND AIRPORTS DEVELOPMENT LEVY ACT, NO. 18 OF 2011.
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BE it enacted by the Parliament of the Democratic Socialist Republic of Sri Lanka as follows:-
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[22nd March
, 2013 ]
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Short title.
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1. This Act may be cited as the Ports and Airports Development Levy (Amendment) Act, No. 5 of 2013.
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Amendment to section 3 of the Ports and Airports Development Levy Act, No. 18 of 2011.
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2. Section 3 of the Ports and Airports Development Levy Act, No. 18 of 2011 (hereinafter referred to as the "principalenactment") is hereby amended in subsection (2), by the
repeal of paragraphs (a) and (b) of that section and the substitution therefor of the following new paragraphs:-
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"(a) for the purpose of processing and re-export;
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(b) to be used as a raw material for the manufacture of goods for exports; or
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(c) for storage, fabrication, repairing, servicing or exportation as the case may be, being equipment, tools, materials, consumables in or from a bonded facility to be used in the petroleum operations conducted within or outside Sri Lanka.
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For the purposes of paragraph (c), the expression "petroleum operations" shall have the meaning assigned to it under the Petroleum Resources Act, No. 26 of 2003.".
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Replacement of section 16 of the principal enactment.
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3. Section 16 of the principal enactment is hereby repealed and the following new section is substituted therefor:-
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"Part I of the Finance Act, No. 11 of 2002 not to apply.
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16.
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(1) The provisions of Part I of the Finance Act, No. 11 of 2002 relating to the payment of the Ports and Airports Development Levy shall not apply to any article originating from outside Sri Lanka and imported into Sri Lanka on or after January 1, 2011.
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(2) Notwithstanding the provisions of subsection (1), every Order made under section 2 of the Part 1 of the Finance Act, No. 11 of 2002 and published in the Gazette prior to January 1, 2011-
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(a) exempting specified articles from the payment of Ports and Airports Development Levy; and
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(b) specifying a concessionary rate to be charged and levied,
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shall be deemed to have been made under ection 3 of the Ports and Airports Development Levy Act, No. 18 of 2011 and shall continue to
be in force.".
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Sinhala text to prevail in case of any inconsistency.
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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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