Sri Lanka Consolidated Acts

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Finance Act (No. 5 of 2005) - Sect 12

Date of operation of this Part and indemnity

12.
(1) The provisions of this Part of the Act shall be deemed for all purposes to have come into operation on January 1, 2005.
(2) Where any amount has been collected by the Commissioner-General as Share Transaction Levy in terms of this Part of the Act during the period commencing on January 1,2005 and ending on the date of the commencement of this Act, the Share Transaction Levy so collected shall be deemed to have been validly collected and the Commissioner-General is hereby indemnified from any action civil or criminal in respect of the collection of the aforesaid Levy.

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