Sri Lanka Consolidated Acts

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Turnover Tax (Amendment) Act (No. 8 of 1997) - Sect 8

Special provision relating to certain articles imported by companies with which the Board of Investment of sri Lanka has entered into agreements

8. Every article -
(a) imported into Sri Lanka on or after May 14,1992 but provision relating to prior to November 9,1995 by a company with which certain articles the Board of Investment of Sri Lanka has entered into imported by an agreement, under section 17 of the Board of companies Investment of Sri Lanka Law, No. 4 of 1978 ; and with which the
(b) which is not exempt from the payment of turnover Board of Investment of Sri Lanka has tax by virtue of the Orders made under section 8 of entered into the principal enactment and published in Gazette No. agreements. 714/13 of May 14, 1992 and Gazette No. 751/20 of January 29, 1993,
shall be deemed to have been, and to be, exempt from any turnover tax payable under the principal enactment with effect from May 14, 1992.


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