3.
| (1) Any person to whom this Act applies and who-.
| | (a) has any relevant moneys ; or | | |
| | (b) holds any relevant foreign currency may-
| | | (i) invest, after November 5, 1997 but on or before June 30, 1999, such relevant moneys, or moneys obtained by the conversion of such relevant foreign currency, in the purchase of any share, other than any existing share, in any company which is engaged only in any specified undertaking ; |
| (ii) deposit, after November 5,1997 but on or before December 31, 1998, such relevant moneys or moneys obtained by the conversion of such relevant foreign currency in any Bank, and pay to the Commissioner General and amount (hereinafter in this Act referred to as the 'amnesty tax') equivalent to fifteen per centum of the moneys so deposited. |
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| (2) For the purposes of this section "specified undertaking" means any undertaking for-
| | (i) the manufacture or assembly of electronic products or components for such products ; | | |
| | (ii) the manufacture of ceramic products or glassware ; | | |
| | (iii) the manufacture of rubber products using rubber produced in Sri Lanka ; | | |
| | (iv) the manufacture of jewellery ; | | |
| | (v) the cutting and polishing of gems or diamonds ; | | |
| | (vi) light or heavy engineering ; | | |
| | (vii) the construction and sale of houses ; or | | |
| | (viii) the manufacture of any articles or goods or the provision of any service, being in either case an industry or a service designated by the Board of Investment of Sri Lanka, as being of a pioneering nature, | | |
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Sri Lanka Consolidated Acts