Finance (N0. 2) Act (No. 2 of 1963)

Sri Lanka Consolidated Acts

Increase or reduction of the rate of the excise tax on any-taxable article and the abolition of such tax

4. The House of Representatives may, from time to time, by resolution-

(a) increase or reduce the rate of the excise tax on any taxable article for the time being subject to such tax; or

(b) abolish the excise tax on any taxable article for the time being subject to such tax.