Customs earn Rs. 708 billion in 2024 without vehicle imports

Colombo, July 31 (Daily Mirror) - Sri Lanka Customs has achieved an income of Rs. 708 billion from the Rs. 1,537 billion revenue target set for 2024, said Finance State Minister Ranjith Siyambalapitiya.

Speaking at a certificate awarding ceremony for authorized economic operators organized by Sri Lanka Customs, he said that the Customs Department will significantly contribute to the country's economy by consistently meeting government revenue targets.

This success comes despite the suspension of vehicle imports, which is a major revenue source for Customs. In 2018, the last year vehicles were imported, Rs. 204 billion or 22% of the total revenue of Rs. 923 billion was from vehicle imports.

The Minister also said that in 2019, 16% of the total income, amounting to Rs. 130 billion, came from vehicle imports.