5. Section 48 of the principal enactment is hereby amended by the substitution for the words "but deducted from the tax payable for the subsequent quarter and so on.", of the following : " but deducted from the tax payable for the subsequent quarter and so on : Provided that -
| (a) no deduction shall be made for tax in respect of any plant, machinery, fixtures, buildings, vehicles or other capital assets used in that business ; |
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| (b) no deduction shall be made in respect of articles used in any business which is exempt from turnover tax under section 4 or used in the manufacture of excepted articles ; and |
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| (c) no person who imports any articles manufactured outside Sri Lanka and sells such article without subjecting it to any process of manufacture shall, notwithstanding anything in any other provisions of this Act, be deemed to be a manufacturer for the purposes of this section on or after February 19, 1983.". |
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Sri Lanka Consolidated Acts