Sri Lanka Customs Collected 550 Million USD In Vehicle Import Taxes After Lifting Five-Year Ban

Sri Lanka Customs Collected 550 Million USD In Vehicle Import Taxes After Lifting Five-Year Ban

COLOMBO, Jun 21 (NNN-XINHUA) – Sri Lanka Customs earned around 165 billion rupees (about 550 million U.S. dollars) in taxes, from vehicle imports so far this year, local media reported yesterday, quoting Additional Director General of Customs, Seevali Arukgoda, as saying.

Sri Lanka lifted a five-year ban on vehicle imports on Feb 1, this year. Since then, around 14,000 vehicles have been imported, Arukgoda said.

The agency expects to make about 450 billion rupees from these imports this year, he said.

He added that, the agency is on track to surpass its revenue target for 2025, which is 2,115 billion rupees.

By mid-June, Sri Lanka Customs had already collected around 900 billion rupees, he said. (1 Sri Lankan rupee equals 0.0033 U.S. dollars)– NNN-XINHUA  

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