2. Section 17 of the Customs Ordinance (hereinafter referred to as the 'principal enactment") is hereby amended by the repeal of subsection (2) of that section and the substitution therefor of the following new subsection : "
| (2) For the purpose of subsection (1) conversion of foreign currency values to the currency values of the Republic of Sri Lanka shall be made in accordance with such rates of exchange determined by the Director-General and published in the Gazette, as were prevailing on the date of presentation of the bill of entry relating to the goods on which the duty is payable. ". |
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Sri Lanka Consolidated Acts