3.
| (1) From and after the date of the coming into operation of this Act, there shall be charged a duty (hereinafter to be called "stamp duty") at such rate as the Minister may determine by Order published in the Gazette on every "specified instrument"-
| | (a) executed, drawn or presented in Sri Lanka; or ; | | |
| | (b) executed outside Sri Lanka being an instrument which relates to property situated in Sri Lanka, at the time such instrument was presented in Sri Lanka. | | |
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| (2) Different rates may be determined in respect of different classes or categories of instruments. |
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| (3) Every Order made under this section shall come into operation on the date of it publication in the Gazette or on such later date as may be specified therein. Every such Order shall within three months of the making thereof, be placed before Parliament for approval. If no meeting of Parliament is held within such period, such Order shall be so placed at the first meeting of Parliament held immediately thereafter for approval. |
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| (4) Any Order not so approved by Parliament shall with effect from the date of such disapproval be deemed to be rescinded but without prejudice to anything previously done thereunder. Notification of the date on which the Order was so rescinded shall be published in the Gazette. |
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Sri Lanka Consolidated Acts