Sri Lanka Customs exceeded its monthly revenue target for August before the month ended. This is the eighth consecutive month Customs has exceeded its target, according to a statement from the department.
The target for August was Rs. 190.3 billion. By August 27, Sri Lanka Customs reported collections of Rs. 199.6 billion and said officials expected revenue to rise above Rs. 200 billion by the end of the day.
The 2026 revenue target for Customs is Rs. 2,207 billion, set 13.5% below last year’s figure because motor vehicle imports are expected to fall. Customs has collected Rs. 1,832.7 billion in the first eight months of the year, or 83% of that annual target, the department reported.
Customs officials told Lakbima News the higher receipts followed the easing of import restrictions introduced after the 2022 economic crisis, a steadier reserve position and a gradual recovery in consumer demand. They cited stronger enforcement, closer checks on undervaluation and misdeclarations, and revised valuation practices as factors that raised collections.
In 2025, Sri Lanka Customs reported revenue of Rs. 2,557.535 billion, above its target. Customs said that year it was the largest single contributor to Treasury income, and officials said the receipts helped the Government meet fiscal targets under the IMF‑supported program. (Lakbima News)
