23. The Finance Act, No. 11 of 2002 is hereby amended in section 2 of Part I of that Act, (Port and Airport Development Levy) by the repeal of the proviso to that section and the substitution therefor of the following :- "Provided that, in respect of the cost, insurance and freight value of any article referred to above, there shall, with effect from November 19,2004, be charged and levied a levy at the rate of 1.5 per centum : Provided further, that in the case of an article imported into Sri Lanka for the purpose of processing and re-export, the levy on the cost, insurance and freight value of that article -
| (a) for the period Commencing on January 1,2003 and ending on December 31,2004 shall be charged and levied at the rate of 0.5 per centum ; and |
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| (b) for the period commencing on January 1,2005, shall be charged and levied at the rate of 0.25 per centum.". |
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Sri Lanka Consolidated Acts