Ports and Airports Development Levy Act, No. 18 of 2011.

This Act is enacted 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.
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. The Act further makes provisions for: manner of calculating the levy, exemptions from the Ports and Airports Development Levy, etc.
Section 2 of the Finance Act, No. 11 of 2002 (Part I) is amended in the first proviso to that section, by the repeal of paragraph (d) thereof and the substitution therefor of the following paragraph:— “(d) for the period commencing on January 1, 2009 and ending on December 31, 2010 at the rate of 5.0 per centum.”.