42. The profits and income arising in Sri Lanka to a consignor or consignee, from the export of -
| (a) any precious stones or metals not mined in Sri Lanka; |
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| (b) any petroleum, gas or petroleum products; or |
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| (c) such other products as may be approved by the Minister for the purposes of this paragraph, having regard to the foreign exchange benefits that are likely to accrue to the country from the export of such products, |
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being goods brought to Sri Lanka on a consignment basis, and re-exported without subjecting such goods to any process of manufacture, shall be liable to income tax at the appropriate rate specified in the Fifth Schedule to this Act. |
Sri Lanka Consolidated Acts