Sri Lanka Customs outperforms in February; exceeds income aim by 28-pct
ECONOMYNEXT – Income collected by Sri Lanka Customs in February 2025 has exceeded the goal by 28 % or 46.4 billion rupees, the official information confirmed.
The Customized’s February income goal was set 160.2 billion rupees. However the income amassing physique has collected 212.4 billion rupees, exceeding the goal by 28 % within the month, the official information confirmed.
Customs has been accelerating container clearance since final month after Ditwah devastation hit the standard actions for no less than 4 days in November amid increased imports in December.
As of March 21, the Customs has achieved 21.5 % of this yr’s goal within the first 62 days of the yr, official information confirmed.
Final yr, the Customs collected a file 2,551 billion rupees in revenues, increased than a revised up goal of two,241 billion rupees for the yr and achieved 64.2 % increased income than the earlier yr’s income of 1,553 million rupees.
The Customs has set a income goal of two,207 billion rupees for this yr, 13.5 % lower than final yr because it expects a big decline in automobile imports.
Sri Lanka Customs income leap is basically as a consequence of 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 overseas alternate.
Nonetheless, with the stabilization of reserves, the relief of sure import controls, and a gentle restoration in shopper demand, customs collections from import duties, excise, and different levies have risen.
Officers word that tighter monitoring of under-invoicing and misdeclaration of products has additionally contributed to boosting state income.
The mixed impact of elevated import exercise, foreign money actions, and stricter enforcement has positioned Customs as one of many prime income sources for the Treasury in 2025, offering an important cushion because the state works to fulfill fiscal targets underneath the IMF-supported program. (Colombo/March 08/2026)
