10.
| (1) Where a commercial bank reports under subsection (4) of section 6 that it is unable to collect the debits tax due on the debits made during a calendar month from a current account maintained at that bank by any person, an officer authorized in writing by the commissioner -General shall in writing direct such person to pay, within fourteen days of the direction the amount of such debits tax to the Commissioner - General to be credited to the Consolidated fund. If such person fails to pay such amount to the Commissioner - General within such fourteen days, such amount shall be deemed to be in default and such person shall be deemed to be a defaulter. |
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| (2) Where the sum remitted by a commercial bank. Specialized bank, finance company or authorized dealer under section 6, as the debits tax payable, on-
| | (a) the total amount of the debits made from a current account maintained at that commercial bank, in any month ; or | | |
| | (b) the amount realized on the encashment of a certificate of deposit or travellers cheque, | | |
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Sri Lanka Consolidated Acts