Sri Lanka Consolidated Acts

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Institute Of Fundamental Studies, Sri Lanka Act (No. 55 of 1981) - Sect 35

Exemption from rates and taxes

35.
(1) The Institute shall be exempt from the payment of any rates imposed by any local authority.
(2) The Minister may, in consultation with the Minister in charge of the subject of Finance, exempt the Institute from the payment of any customs duty on any goods imported by the Institute if the import of such goods is considered to be conducive for the advancement of the aims and objects of the Institute.
(3) All personal goods up to such value as may be determined by the Minister in consultation with the Minister in charge of the subject of Finance and all professional equipment, books and other scientific equipment imported by a Professor, Member or Fellow of the Institute, not being a citizen of Sri Lanka shall be exempt from the payment of customs duty.
(4) The provisions of this section shall have effect notwithstanding anything to the contrary in any other written law.


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