5. Section 45 of the principal enactment is hereby amended by the repeal of subsection (2) of that section and Substitution therefor of the following subsection :
| " (2) Where the duty authorized to be compounded or required to be collected and remitted under section 13, is not remitted at the end of such periods as are specified by the Commissioner-General under subsection (1) of that section or at the end of each such quarter as is referred to in subsection (2) of that section, such duty together with a penalty equivalent to ten per centum of the duty payable for every month of non payment shall be deemed to be in default and the person who is so authorized to be compounded or so required to collect and remit such duly shall be deemed to be a defaulter for the purposes of this Act: |
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Sri Lanka Consolidated Acts