Sri Lanka Consolidated Acts

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Gem (Amnesty) Law (No. 17 of 1973) - Sect 2

Indemnification of certain persons against liability to prosecution and to pay income tax and business turnover tax

2. Where any person who had purchased any gem out of his specified income or turnover-
(a) within the relevant period, sells such gem to the State Gem Corporation, or, being the holder of a licence issued under the State Gem Corporation Act, No. 13 of 1971, authorizing him to be a dealer in gems, sells such gem to a tourist for payment made in foreign currency, or
(b) within the relevant period, exports such gem through the State Gem Corporation or under the authority, and in accordance with the terms and conditions, of any Order made under section 16 of the State Gem Corporation Act, No. 13 of 1971,

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