Sri Lanka Customs says vehicle imports have not declined significantly despite the surcharge imposed earlier this year, with imported vehicles continuing to enter the market.
Addressing the media, Customs spokesperson Chandana Punchihewa noted that although a large number of vehicles remain unsold, imports have not dropped as expected, and the slight reduction observed has not had any monetary impact on state revenue.
Chandana Punchihewa explained that vehicle imports contribute around 30 per cent of Customs income.
He further said that monthly revenue figures reflect this steady contribution: in January, total revenue was Rs. 235 billion, of which Rs. 91 billion came from vehicles; in February, Rs. 215 billion with Rs. 75 billion from vehicles; in March, Rs. 231.9 billion with Rs. 77 billion from vehicles; in April, Rs. 242.9 billion with Rs. 84 billion from vehicles; and in May, up to May 28, Rs. 212 billion with Rs. 76 billion from vehicles.
Chandana Punchihewa added that the rise in the dollar rate, partly due to the Middle East war, has increased the rupee value of Customs taxes, thereby boosting revenue rather than reducing it.
He added that last year vehicle imports accounted for 30–35 per cent of Customs revenue, a trend continuing this year.
“Despite the surcharge, no reduction has been reported as previously expected,” he said.
