Volume VI

PORTS AND AIRPORTS DEVELOPMENT LEVY ACT

Arrangement of Sections

1. Short title.

PART I

Imposition of Ports and Airports Development Levy

2. Levy on articles imported into Sri Lanka.

3. Manner of calculating the levy.

4. No levy to be charged in respect of specified articles.

5. Levy to be paid to the Director-General of Customs.

6. Purchase of certain articles deemed to be imported for the purpose of this Act.

7. Exemptions.

8. Customs Ordinance to apply to the recovery of levy.

9. Amount recovered as levy to be credited to the Consolidated Fund.

10. Interpretation.

11. Retrospective effect.

12. Operation of the provisions of this Act.

13. Indemnity.

14. Regulations.

PART II

Amendment of Part I of the Finance Act, No. 11 of 2002

15. Amendment of section 2 of Part I of the Finance Act, No. 11 of 2002.

16. Part I of the Finance Act, No. 11 of 2002 not to apply.

17. Sinhala text to prevail in case of any inconsistency.

18 of 2011,

10 of 2012,

5 of 2013,

21 of 2016,

5 of 2020.

AN ACT to make provision for the imposition and collection of a levy to be called the Ports and Airports Development Levy on every article originating from outside Sri Lanka and imported into Sri Lanka; to amend part I of the Finance Act, No. 11 of 2002; and to provide for matters connected therewith or incidental thereto.

[Date of Commencement: 31st March, 2011]

1. Short title.

This Act may be cited as the Ports and Airports Development Levy Act.

PART I

Imposition of Ports and Airports Development Levy

2. Levy on articles imported into Sri Lanka.

Subject to the provisions of section 7, there shall be charged and levied on the cost, insurance and freight value of every article originating from outside Sri Lanka and imported into Sri Lanka, a levy to be called the Ports and Airports Development Levy (hereinafter in this Part referred to as the “Levy”).

3. Manner of calculating the levy.

(1) The levy to be charged and levied in respect of the cost, insurance and freight value of any article referred to in section 2 shall be calculated—

(a) at the rate of 5.0 per centum, for the period commencing on January 1, 2011 and ending on December 31, 2015;

(b) at the rate of 7.5 per centum, for the period commencing on January 1, 2016 and ending on December 5, 2019; and

(c) at the rate of 10 per centum, on and after December 6, 2019.

[S 3(1) subs by s 2 of Act 5 of 2020.]

(2) With effect from January 1, 2011, no levy shall be charged in respect of the cost, insurance and freight value of any article imported into Sri Lanka—

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