52, For the purpose of this Chapter"
| (a) "qualified export profits and income" in relation to any person means the sum which bears to the profits and income within the meaning of paragraph (a) of section 3 after excluding therefrom any profits and income from the sale of gems and jewellery and any profits and income from the sale of capital assets) for that year of assessment from any specified undertaking carried on by such person, ascertained in accordance with the provisions of" this Act. the same proportion as the export turnover of that undertaking for that year of assessment bears to the total turnover of that undertaking for that year of assessment; |
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| (b) "export turnover" in relation to any specified undertaking means the total amount receivable, whether, received or not. by that undertaking from the export of goods or commodities or from the provision of any service referred to subparagraph (ii) of paragraph (d), but does not include"
| | (i) any amount receivable, whether received or not. from the export of gems or jewellery or from the sale of any capital assets : | | |
| | (ii) any amount receivable, whether received or not, from the export of black lea in bulk, crepe rubber, sheet rubber, scrap rubber, coconut oil. desiccated coconut (other than desiccated coconut manufactured by using continuous scale automated process technology, and marketed with a quality guarantee), copra, fresh coconuts. coconut fibre or such other commodity as may be specified by the Minister by Notice published in the Gazette : or | | |
| | (iii) any profits and income not being profits and income within the meaning of paragraph (a) of section 3 ; | | |
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| (c) "total turnover" in relation to any specified undertaking means the total amount receivable, whether received or not. by that undertaking from any trade or business carried on by that undertaking but does not include any amount receivable, whether received or not. from the sale of capital assets, gems or jewellery or any profits and income not being profits and income within the meaning of paragraph (a) of section 3 ; |
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| (d) "specified undertaking" means any undertaking which is engaged in"
| | (i) the export of non-traditional goods manufactured, produced or purchased by such undertaking ; or | | |
| | (ii) the performance of any service of ship repair, ship breaking, repair and refurbishment of marine cargo containers, provision of computer software. computer programmes, computer systems or recording computer data, or such other services as may be specified by the Minister by Notice published in the Gazette, for payment in foreign currency. | | |
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Sri Lanka Consolidated Acts