The Central Board of Indirect Taxes and Customs (CBIC) along with other Members of the Board released the National Time Release Study (NTRS) 2023 report.
Key points
- Time Release Study (TRS) as a performance measurement tool aims to present quantitative measure of the cargo release time, defined as the time taken from 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 .
- The ports included in the study represent seaports, air cargo complexes (ACCs), inland container depot (ICDs) and integrated check posts (ICPs) which account for approximately 80 percent of bills of entry and 70 percent of shipping bills filed in the country.
