15. Section 45 of the principal enactment is hereby amended by the repeal of subsection (1) of that section and the substitution therefor of the following subsection :
| " (1) The duty required to be paid by any notice issued under section 30 (1) (b) shall be paid on or before the date specified in such notice, and, where such duty is not paid on or before the date specified therein, such duty together with a penalty equal to ten per centum of the duty for every month of non payment shall be deemed to be in default and the person by whom such duty is payable shall be deemed to be a defaulter for the purposes of this Act: Provided that the total amount payable as penalty shall not exceed fifty per centum of the duty in default. |
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Sri Lanka Consolidated Acts