3. Section 167 of the principal enactment is hereby amended by the substitution, for the definition of the term " true wholesale market value ", of the following new definition : - '" true wholesale market value ", in relation to any goods imported into Ceylon,-
| (a) means, whether or not such goods were so imported at Colombo, the wholesale cash price, less trade discount, for which such goods or goods of the like kind and quality are sold, or capable of being sold, at Colombo at the time of importation without any abatement or deduction whatsoever except of the amount of the import duties payable on such goods ; or |
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| (b) means, if the wholesale cash price referred to in paragraph (a) is not ascertainable, the cost at which such goods or goods of the like kind and quality are capable of being delivered at the place of importation without any abatement or deduction whatsoever except of the amount of the import duties payable on such goods ; ". |
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Sri Lanka Consolidated Acts