3. Section 13 of the principal enactment as last amended by Act No. 29 of 1993 is hereby amended as follows :"
| (1) by the repeal of subsection (2) of that section, and enactment the substitution of the following subsection therefor:-
| | "(2) Notwithstanding the preceding provisions of ibis section"
| | | (i) any person making payments to one hundred employees or more in respect of their employment shall collect stamp duty payable on she receipts for such payment: |
| (ii) every bank, approved credit agency. institution, company or licensed stock broker shall collect the stamp duty payable in respect of every bill of exchange (other than a cheque), promissory note, trust receipt, letter of trust or declaration of trust taken by it. every pledge in respect of corporeal movables made to it. every application made to it for a letter of credit (other than an application in respect of which a letter of credit is opened on or after April 1, 2000. solely for the purpose of import of goods into Sri Lanka from another country including imports on entrepot terms) every certificate of deposit issued by it. any one of the documents of payment presented to it in respect of any corporeal movable (being any corporeal movable in respect of which a letter of credit has not been opened with it), share certificate issued by it. and the instrument effecting a transfer of shares in a quoted public company effected by him or it; and |
| (iii) The Director - General of Customs shall collect stamp duty on every invoice presented to him for the purpose of import of goods into Sri Lanka including imports made on entrepot terms. |
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| (2) by the repeal of subsection (4) of that section, and the substitution, of the following subsection therefor :-"
| | "(4) Where the payment of the stamp duty with which every bill of exchange Collier than a cheque) promissory note, trust receipt, letter of trust, declaration of trust, pledge in respect of corporeal movables, application made for a letter of credit, an invoice presented to the Director- General of Customs for the purpose of import of goods, certificate of deposit, any one of the documents of payment presented to it in respect of any corporeal movable (being any corporeal movable in respect of which a letter of credit has not been opened with it), share certificate or instrument effecting a transfer of shares in a quoted public company has been compounded or collected and remitted, as the case may be. in accordance with this section, the bank- the approved credit agency, institution, company, licensed stock broker or the Director-General of Customs, as the case may be. shall certify on such bill of exchange (other than a cheque), promissory note, trust receipt, letter of trust, declaration of trust, pledge in respect of corporeal movable, application made for a letter of credit, invoice for the import of goods, certificate of deposit, document of payment, share certificate or instrument effecting transfer of shares in a quoted public company, as the case may he. that the stamp duty payable on it has been compounded or collected and remitted, as the case may be. Such certificate shall be substantially in the following form :" | | |
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Sri Lanka Consolidated Acts