10. The following new sections are hereby inserted immediately after section 23 of the principal enactment and shall have effect respectively as sections 23A and 23B of that enactment: "
| 23A.
| | (1) Subject to the provisions of subsection (2), Here shall be allowed, for the purpose of ascertaining the profits or income of any resident person from, any undertaking engaged in the export of any commodity (other than black tea in bulk, crepe rubber, sheet rubber, scrap rubber, coconut oil, desiccated coconut, copra, fresh coconuts, coconut fibre or such other commodity as may be specified by the Minister by notice published in the Gazette having regard to the economic progress of Sri Lanka), manufactured in Sri Lanka, a deduction in respect of any sum expended by such person for the purpose of any approved export market development activity, of an amount equal to twice the sum so expended. | | |
| | (2) No deduction under the provisions of subsection (1) shall be allowed in. respect of any sum expended"
| | | (a) by way of remuneration paid to"
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| (b) for the purpose of maintaining such trade office if such undertaking has a permanent establishment subject to any tax on income in the country in which such office is located ; |
| (c) if a deduction in respect of such sum is allowed under section, 23 ; or |
| (d) prior to April 1, 1990 or on after April 1, 1995. |
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| | (3) For the purposes of subsection (1) the expression"
| | | (a) " export market development activity " means"
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| (b) " approved" means approved, on the recommendation of the Export Development Board, by the Commissioner-General subject to such conditions as may be specified by him; |
| (c) "manufactured in Sri Lanka" in relation to any commodity means any commodity exported from Sri Lanka in respect of which"
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| 23B.
| | (1) Subject to the provisions of sub- section (2), there shall be allowed, for the purpose of ascertaining the profits or income of any person from any undertaking for the manufacture of any commodity, a deduction of an amount equal to twice the amount of any expenditure incurred by such person in carrying on any scientific, industrial or agricultural research or in the training in Sri Lanka, of any employee employed in that undertaking, such research or training being directly related to upgrading the manufacturing process or the quality of such commodity. | | |
| | (2) No deduction under the provisions of subsection (1) shell be allowed in respect of any expenditure incurred"
| | | (a) prior to April 1, 1990 or on or after April 1, 1995; |
| (b) if a deduction in respect of such expenditure is"
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Sri Lanka Consolidated Acts