28. The value of any article for the purposes of computing the Sales tax thereon shall-
| (a) in the case of an article imported by any person, for his own use, be the price that article would fetch on a sale in the open market in Ceylon if no Sales tax were chargeable in respect of the sale; and |
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| (b) in the case of any other article subject to Sales tax, be the price which such article would fetch on a sale made at the time when the tax in respect of such article becomes due, by a person selling in the open market in Ceylon to a retail dealer carrying on business in Ceylon, if no Sales tax were chargeable in respect of the sale. |
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Sri Lanka Consolidated Acts