3.
| (1) Subject to the succeeding provisions of this Act, there shall be charged from a very person to whom this Act applies, for every quarter of the year commencing on January 1, 1992, (hereinafter in this Act referred to as a "relevant quarter"), a defence levy (hereinafter in this Act referred to as the " levy " equivalent to one -per centum of the turnover, within the meaning of section 5 of the Turnover Tax Act, of that person for that quarter. |
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| (2) Notwithstanding the preceding provisions of this section, turnover of a person to whom this Act applies shall, for the purposes of this Act, be deemed not to include"
| | (a) the proceeds from the export by such person of any article manufactured by him ; | | |
| | (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 ; and | | |
| | (c) the proceeds from the sale of any article manufactured outside Sri Lanka by the person importing such article. | | |
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Sri Lanka Consolidated Acts