2. Section 3 of the Defence Levy Act, No. 52 of 1991 (hereinafter referred to as "the principal enactment") is hereby amended as follows :
| (1) by the substitution in subsection (1) of that section for all the words and figure from a defence levy " to the end of that subsection, of the following words and figure : |
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| (2) by the repeal of paragraphs (b) and (c) of subsection (2) of that section and the substitution of the following paragraphs therefor;
| | " (b) the value of any article not being plant, machinery or fixtures imported by such person exclusively for use in the manufacture by such person of any article for export; | | |
| | (c) the proceeds from the sale of any article manufactured outside Sri Lanka by the person importing such article ; and | | |
| | (d) the proceeds from the sale of any article to any exporter, if
| | | (i) the Commissioner General is satisfied, on the production of a letter of credit opened in any bank in Sri Lanka in respect of the export of that article or other documentary evidence, that such article has in fact been exported from Sri Lanka; and |
| (ii) the receipt of the proceeds in foreign exchange, from the export of that article is certified by a bank in Sri Lanka to which such proceeds have been remitted, ". |
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Sri Lanka Consolidated Acts