Published On : Mon, Jun 6th, 2016

Customs exceeds revenue target for the first five months

customSri Lanka Customs has been able to exceed its targeted revenue for the first five months of this year.

According to the Director General Chulananda Perera, the Customs had targeted revenue of Rs 322 billion, for the first five months of this year.

However, the Department was able to earn a revenue of Rs.326 billion rupees by the end of last month, the official disclosed.

Around 58 per cent of the total tax revenue of the country is collected by the Customs. The Department was able to earn additional revenue of Rs 5 billion which could have been lost by the government.

The Director General said the Customs is acting as a guardian, a facilitator and as a coordinator of the country and therefore, the Customs Department, which comes under the Ministry of Finance and Planning is eager to provide maximum facilities to the importers and the exporters.

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