Sri Lanka Consolidated Acts

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Tax Reserve Certificates Act (No. 22 of 1957) - Sect 9

Cancellation of certificates not surrendered in payment of tax

9.
(1) A certificate may, in lieu of being surrendered to the Commissioner of Inland Revenue under the preceding provisions of this Act, be at any time delivered by the certificate holder to the Superintendent for cancellation.
(2) The certificate holder shall, upon the delivery of the certificate for cancellation under subsection (1), be entitled to receive from the Superintendent repayment of a sum equal to the denominational value of the certificate and shall not be entitled to receive any interest on such denominational value.

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