Sri Lanka Consolidated Acts

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Tea (Tax and Control of Export) Act (No. 16 of 1959) - Sect 4

Person liable to pay the tax on tea sold at a London tea auction and manner of payment

4.
(1) The owner of tea which is authorized by a permit issued under this Act to be exported from Ceylon for sale at a London tea auction shall pay to the Commissioner the tax payable on such tea under section 2 in accordance with the following provisions:-
(a) An advance payment in respect of such tax shall be made to the Commissioner before the issue of such permit.
(b) The amount of the advance payment referred to in paragraph (a) of this subsection shall be determined by the Commissioner according to such rates of advance payment as shall be fixed by the Minister by Order published in the Gazette. The Minister may in any Order under this paragraph fix different rates of advance payment for different qualities of tea.
(c) Not later than three months after the date of the sale of the tea at a London tea auction, the amount of the difference, if any, between the tax payable on the tea under section 2 and the advance payment made under paragraph (a) of this subsection shall be paid to the Commissioner.
(2) Where the advance payment made under paragraph (a) of subsection (1) in respect of any tea exceeds the amount of the tax payable on that tea under section 2, the Commissioner shall either credit the excess to the account of the owner of that tea in the books maintained by the Commissioner for the purposes of this Act or refund the excess to such owner

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