ECONOMYNEXT – Sri Lanka Customs has achieved its income goal for 2025 on Tuesday (11), its spokesman stated, helped by boosted car tax after the import restrictions have been relaxed early this yr.
“Sri Lanka Customs could be very completely satisfied & proud to announce that on eleventh November, it surpassed the income goal set for the yr 2025,” Customs Spokesman Chandana Punchihewa stated.
As of finish Tuesday, 50 days earlier than the tip of 2025, it had collected a income of Rs 2117.2 billion (USD 7.06 billion), he said in a press release despatched to the media.
Sri Lanka Customs income soar is basically on account of over Rs. 500 income from car import tax, stronger enforcement, improved valuation practices, and a rebound in import volumes after years of contraction.
Following the financial disaster of 2022, imports had fallen sharply because the nation imposed restrictions to preserve international trade.
Nonetheless, with the stabilization of reserves, the comfort of sure import controls, and a gentle restoration in shopper demand, customs collections from import duties, excise, and different levies have risen.
Officers notice that tighter monitoring of under-invoicing and misdeclaration of products has additionally contributed to boosting state income.
The federal government’s push to digitize Customs procedures and strengthen compliance mechanisms additionally has improved effectivity and transparency, plugging income leakages.
The mixed impact of elevated import exercise, foreign money actions, and stricter enforcement has positioned Customs as one of many high income sources for the Treasury in 2025, offering an important cushion because the state works to satisfy fiscal targets beneath the IMF-supported program. (Colombo/November 12/2025)
