Value Added Tax (Amendment) Act (No. 6 of 2005)

Sri Lanka Consolidated Acts

Replacement of section 6 of the principal enactment

5. Section 6 of the principal enactment is hereby repealed and the following section substituted therefor :-

6. The value of goods imported shall be the aggregate of-

	(a) the value of the goods determined for the purpose of custom duty increased by five per centum ; and

	(b) the amount of any custom duty payable in respect of such goods with the addition of any surcharge, cess, any Port and Airport Development Levy payable under the Finance Act, No.11 of 2002, and any excise duty payable under the Excise (Special Provisions) Act, No.13 of 1989 on such goods.".