Sri Lanka Consolidated Acts

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Finance Act (No. 65 of 1961) - Sect 29

Interpretation

29. In this Part of this Act,-
(a) "sale" means any transfer of title in any article for cash or deferred payment or other valuable consideration and includes the transfer of any article on hire-purchase or other installment system but does not include the mortgage, hypothecation or pledge of any article; and
(b) "retail dealer" means any person who carries, on the business of selling articles by retail.


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