Sri Lanka Customs Beats Target for 10th Month in October 📈

• Overall Figures: Revenue reached Rs. 2,326.8 Bn in under 10 months, exceeding the full-year target of Rs. 2,207 Bn (achieving 105.4%). September revenue reached Rs. 193.5 Bn in 29 days against a Rs. 193.3 Bn target. • Annual Comparison: The 2026 annual target was set 13.5% lower than 2025's record revenue of Rs. 2,551 Bn (which surged 64.2% YoY from 2024's Rs. 1,553 Bn) due to expected drops in motor vehicle imports. Analysts predict revenue could set a fresh record by mid-December. • Key Drivers: Growth is driven by stronger enforcement against under-invoicing, improved valuation, and a rebound in import activity supported by stable foreign exchange reserves and relaxed import controls. • National Impact: Higher collections from import duties and levies make Customs a major Treasury revenue source, supporting fiscal targets under the IMF-supported program.