7. Section 20B of the principal enactment is hereby amended by the substitution for the words "foreign exchange value of the exports related to such supply .", of the words " foreign exchange value of the exports related to such supply : Provided that where it Is proved to the satisfaction of the Commissioner-General that it is inexpedient or impracticable to cover such supply by a letter of credit in the aforesaid manner, he shall direct that notwithstanding that such supply is not so covered, the exemption granted under this section shall apply if"
| (a) such supply is covered by a letter of credit opened in a bank in Sri Lanka or such other documentary evidence as is required to satisfy himself that the exports relating to such supply were in fact made, is adduced; and |
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| (b) the receipt of the foreign exchange value of the exports relating to such supply is certified by the bank to which the foreign exchange value of such exports is remitted.". |
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Sri Lanka Consolidated Acts