{"id":65,"date":"2026-10-01T14:47:50","date_gmt":"2026-10-01T13:47:50","guid":{"rendered":"https:\/\/sripuwath.com\/index.php\/2026\/10\/01\/sri-lanka-customs-surpasses-revenue-goal-for-ninth-straight-month-in-sept\/"},"modified":"2026-10-01T14:47:50","modified_gmt":"2026-10-01T13:47:50","slug":"sri-lanka-customs-surpasses-revenue-goal-for-ninth-straight-month-in-sept","status":"publish","type":"post","link":"https:\/\/sripuwath.com\/index.php\/2026\/10\/01\/sri-lanka-customs-surpasses-revenue-goal-for-ninth-straight-month-in-sept\/","title":{"rendered":"Sri Lanka Customs surpasses revenue goal for ninth straight month in Sept\u00a0"},"content":{"rendered":"<div><span>ECONOMYNEXT \u2013 Sri Lanka Customs exceeded its monthly target for the ninth consecutive month in September, achieving the target before the month ended, official data showed.<\/span><\/div>\n<div><span>\u00a0<\/span><\/div>\n<div><span>Customs\u2019 September revenue target was set at 195.6 billion rupees.\u00a0<\/span><\/div>\n<div><span>\u00a0<\/span><\/div>\n<div><span>However, in the first 29 days of the month, the revenue-collecting body had already collected 245.9 billion rupees, exceeding the target, official data showed.<\/span><\/div>\n<div><span>\u00a0<\/span><\/div>\n<div><span>Customs has set a revenue target of 2,207 billion rupees for this year, 13.5 percent less than last year as it originally expected a significant decline in car imports.\u00a0<\/span><\/div>\n<div><span>\u00a0<\/span><\/div>\n<div><span>Data showed it has already achieved 95.4 percent of this year\u2019s target or 2,104.6 billion rupees even before the end of nine months.<\/span><\/div>\n<div><span>\u00a0<\/span><\/div>\n<div><span>Last year, Customs collected a record 2,551 billion rupees in revenue, exceeding an upwardly revised target of 2,241 billion rupees for the year and achieving 64.2 percent higher revenue than the previous year\u2019s revenue of 1,553 million rupees.<\/span><\/div>\n<div><span>\u00a0<\/span><\/div>\n<div><span>Sri Lanka Customs\u2019 revenue jump is largely due to stronger enforcement, improved valuation practices, and a rebound in import volumes after years of contraction.<\/span><\/div>\n<div><span>\u00a0<\/span><\/div>\n<div><span>Following the 2022 economic crisis, imports fell sharply as the country imposed restrictions to conserve foreign exchange.<\/span><\/div>\n<div><span>\u00a0<\/span><\/div>\n<div><span>However, with the stabilization of reserves, the relaxation of certain import controls, and a steady recovery in consumer demand, customs collections from import duties, excise, and other levies have risen.<\/span><\/div>\n<div><span>\u00a0<\/span><\/div>\n<div><span>Officials note that tighter monitoring of under-invoicing and misdeclaration of goods has also contributed to boosting state revenue.<\/span><\/div>\n<div><span>\u00a0<\/span><\/div>\n<div><span>The combined effect of increased import activity, currency movements, and stricter enforcement has positioned Customs as one of the top revenue sources for the Treasury in 2025, providing a vital cushion as the state works to meet fiscal targets under the IMF-supported program. (Colombo\/October 01\/2026)<\/span><\/div>","protected":false},"excerpt":{"rendered":"<p>ECONOMYNEXT \u2013 Sri Lanka Customs exceeded its monthly target for the ninth consecutive month in September, achieving the target before the month ended, official data showed. \u00a0 Customs\u2019 September revenue [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-65","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised"],"_links":{"self":[{"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/posts\/65","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/comments?post=65"}],"version-history":[{"count":0,"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/posts\/65\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/media\/7"}],"wp:attachment":[{"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/media?parent=65"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/categories?post=65"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/tags?post=65"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}