Sri Lanka customs and automotive revenue trends

The Sri Lankan automotive and customs sectors have seen conflicting reports regarding revenue. In September 2026, the Ceylon Motor Traders' Association (CMTA) warned of massive revenue leakages, estimating a potential loss of Rs. 40 billion in government revenue due to policy inconsistencies. The CMTA specifically highlighted a 15% vehicle depreciation rule that allows certain vehicles to be valued at 85% of their transaction value if registered overseas before shipping, a practice they claim could deprive the Treasury of over Rs. 120 billion by 2026.

However, by the end of September 2026, Sri Lanka Customs reported significant fiscal success, having collected approximately Rs 2.1 trillion. This figure represents over 95 percent of the department's total revenue target for the year. This collection surge was driven by a 24.1 percent increase in merchandise imports and the removal of restrictions on vehicle imports, which accounted for US$1.68 billion. This performance is noted as a positive indicator for the country's economic recovery and its ability to meet IMF debt management commitments.