Sri Lanka Consolidated Acts

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Petroleum Resources Act (No. 26 of 2003) - Sect 26

Exemptions from customs duties

26.
(1) The Contractor's share of petroleum resources recovered shall be exempt from all customs and export duties,
(2) A Contractor shall be exempt from the payment of customs duty payable on any machinery or equipment imported by him for the conduct of petroleum operations under a the terms of a Petroleum Resources Agreement and no export duty shall, be payable on the re-export of such machinery or equipment.

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