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

Sri Lanka Consolidated Acts

Determination of the rate of the excise tax on any taxable article

5. The rate of the excise tax on any taxable article may, having regard to the class or description of that article, be determined by reference to-

(a) the value of that article, or of any particular weight, quantity, or amount of that article; or

(b) any particular weight, quantity, or amount of that article,

and accordingly different rates of such tax may be determined in respect of different classes or descriptions of taxable articles.