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FROM VEHICLE IMPORTS HIGHEST CUSTOMS REVENUE

Highest Customs revenue from vehicle imports!

 

The Director General of Customs and other officials stated that by 30 June of this year, the expected customs revenue was Rs. 1,060,559 million, whereas Rs. 1,379,084 million had been earned by that date.They made this announcement when the Committee on Ways and Means of Parliament recently reviewed the revenue and other activities of Sri Lanka Customs.It was also mentioned at the meeting that this customs revenue represents a percentage progress of 130%.Accordingly, the relevant officials presented data to the committee showing that an income higher than the expected revenue was earned in every month of this year, and that when compared with the year 2025, high progress has been achieved every month.

Presenting facts relating to vehicle imports in 2026, the officials pointed out that 316,000 vehicles had been imported by 30 June 2026.Consequently, a tax revenue of Rs. 512,547 million has been generated. Of this, the highest tax revenue, amounting to Rs. 386,726 million was derived from the importation of motor cars.Furthermore, petrol motor cars with an engine capacity of under 1000cc secured first place in the list of goods that brought in the highest customs revenue, with that figure standing at Rs. 137.4 billion.

It was further revealed at the parliamentary Committee on Ways and Means that this accounts for 9.96% of the total revenue.Attention was also drawn during the meeting to matters such as the volume of imported containers and the manner in which they are inspected, the introduction of modern technology to enhance the efficiency of Sri Lanka Customs, challenges in revenue administration, and future plans.

 

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