Colombo – For the first time in its history, Sri Lanka Customs has achieved an annual revenue of Rs. 1 trillion, marking a significant milestone for the department. This record was reached within the first eight months of 2024, according to the Director General of Customs, Sarath Nonis.
The International Monetary Fund (IMF) had set a revenue target of Rs. 1,534 billion for 2024. With the Rs. 1 trillion milestone already surpassed, Director General Nonis expressed confidence that the Customs Department will meet the remaining target within the next four months, as outlined by the President’s Media Division (PMD).
The previous highest annual revenue was Rs. 975 billion in 2023. Nonis noted that despite restrictions on car imports, which typically account for 25%-30% of customs revenue, this year’s car-related revenue fell below 6%. However, the department managed to achieve its goals through enhanced operational methods and technical processes.
Nonis credited the department’s success to its independence and the reforms introduced over the last two years, including anti-fraud measures, streamlined procedures, and the use of advanced technology. He emphasized the dedication of customs officers in combating corruption and smuggling, which has been a key factor in reaching this milestone.
The Customs Department has also improved its administrative activities, implementing regular updates and maintaining an annual action plan to enhance the quality of its operations, the PMD reported.
