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Sri Lanka Customs records highest ever earnings in a year

Release time:2024-01-04 Publisher:South Asia Development

Sri Lanka Customs has achieved record earnings exceeding Rs. 900 billion in 2023, according to Customs Media Spokesman Seevali Arukgoda. 

The department had earned Rs. 970 billion last year, marking its highest-ever earnings within a year, in its entire history. 

He said the revenue collected for 2023 was 138% higher than that of 2022. 

Initially set a target of Rs. 1,217 billion for 2023 by the Ministry of Finance, the target was later cut down to Rs. 893 billion due to the economic challenges. 

Despite this being the highest annual revenue ever recorded, it’s worth noting that in 2018, Sri Lanka Customs had also achieved a revenue of Rs. 923 billion.