Sri Lanka Customs expects Rs. 25 billion in next few days of 2024
- 5opn1
- December 31, 2024
- Banking and Financial
- Sri Lanka Customs expects Rs. 25 billion in next few days of 2024
- 0 Comments
Sri Lanka Customs is poised to make history, nearing an unprecedented revenue target of Rs. 1.5 trillion in 2024, marking a significant achievement for the Department and the country’s economy.
As of 25 December, the Department has already collected over Rs. 1.47 billion (Rs. 1,479 billion), leaving just Rs. 21 billion to be achieved in the remaining days of the year.
“We are almost there. With four more days remaining, we are expecting at least Rs. 25 billion during this time,” Sri Lanka Customs Director General Sarath Nonis said.
The Department’s robust performance has been primarily driven by imports of petroleum, cigarettes, steel and steel products, and electric appliances. Sri Lanka Customs last week announced tax revenue of Rs. 4.3 billion from the import of 67,000 tons of rice since 4-20 December.
For the first time in history, Sri Lanka Customs crossed the Rs. 1 trillion revenue milestone on 6 September 2024. The previous highest revenue record was Rs. 975 billion in 2023. Last year, the Department was given a revenue target of Rs. 892 billion for 2023, but managed to surpass it by achieving Rs. 975 billion.
