The Central Board of Indirect Taxes and Customs (CBIC) on June 15, 2023, released the National Time Release Study (NTRS) 2023 report.
Time Release Study (TRS) as a performance measurement tool aims to present a quantitative measure of the cargo release time, defined as the time taken from the arrival of the cargo at the Customs station to its out-of-charge for domestic clearance in case of imports and arrival of the cargo at the Customs station to the eventual departure of the carrier in case of exports.
NTRS 2023 presents port-category-wise average release time for the current year, based on the sample period of January 1-7, 2023 (both days included), comparing the same to the performance during the corresponding periods of 2021 and 2022 to, inter alia,
• assess the progress made toward the National Trade Facilitation Action Plan targets;
• identify the impact of various trade facilitative initiatives, notably “Path to Promptness”; and
• identify the challenges to a more expeditious reduction in release time.
The improved release time involves various stakeholders, including Customs, port authorities, Customs Brokers, and Participating Government Agencies (PGAs), in implementing various trade facilitation measures that encourage continued collaboration to further expedite cargo clearance and enhance trade efficiency.
The complete findings of the National Time Release Study 2023 can be accessed on the CBIC website (https://www.cbic.gov.in/)
[Release ID: 1932587]
