CBIC releases National Time Release Study 2023 report
Vivek Johri, Chairman, Central Board of Indirect Taxes and Customs (CBIC) recently released the National Time Release Study (NTRS) 2023 report.
Highlight of the report
According to the report the average import release time by customs authorities has decreased in 2023 compared to 2022.
The report states that the import release time has declined by 20% for inland container depots (ICDs), 11% for air cargo complexes (ACCs), and 9% for seaports.
In absolute terms, the import release time for seaports is 85.42 hours, for ICDs is 71.46 hours, for ACCs is 44.16 hours, and for integrated check posts (ICPs) is 31.47 hours.
The CBIC has been actively working towards reducing release time by customs for both imports and exports in order to promote ease of doing business and enhance tax collections.
National Time Release Study
The National Time Release Study (NTRS) is a performance measurement tool released by the Central Board of Indirect Taxes and Customs (CBIC).
It aims to provide a quantitative measure of cargo release time.
The NTRS report presents port-category wise average release time for a given year.
It serves as an essential tool for assessing the efficiency and effectiveness of customs procedures and regulations related to cargo clearance.
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