Sri Lanka Customs has outperformed its May revenue target, collecting Rs. 217.9 billion against the expected Rs. 187.8 billion, a 16% increase, official data revealed.
The strong performance pushed cumulative revenue in the first five months of 2026 to Rs. 1,143.7 billion, exceeding the target by 44% compared to the same period last year.
Customs has already achieved 51.8% of its annual target of Rs. 2,207 billion, set lower than last year’s record Rs. 2,551 billion due to expectations of reduced car imports.
Officials attribute the surge to tighter enforcement, improved valuation practices, and a rebound in import volumes after years of contraction.
Measures against under‑invoicing and misdeclaration have also bolstered collections, positioning Customs as a key revenue source for the Treasury.
Last year, Customs exceeded its revised target of Rs. 2,241 billion by more than Rs. 300 billion, marking a 64.2% jump from 2024’s Rs. 1,553 billion.
The latest figures suggest that despite a lower target for 2026, Customs remains on track to deliver another strong year. (Newswire)
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