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CBIC releases National Time Release Study, 2023 report - (15 Jun 2023)

Customs

Central Board of Indirect Taxes and Customs (CBIC) released the National Time Release Study (NTRS) 2023 report.TRS as a performance measurement tool aims to present quantitative measure of the cargo release time. 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. The average import release time has continued to improve, achieving 20 percent reduction in release time for ICDs; 11 percent reduction for ACCs; and 9 percent reduction for seaports in 2023 over 2022.

Findings of NTRS, 2023 reaffirms the 3-fold 'Path to promptness' comprising advance filing of import documents enabling pre-arrival processing, risk-based facilitation of cargo and benefits of trusted client programme - Authorised Economic Operators. Cargoes wherein all the three features under the Path to Promptness are combined, achieve the NTFAP release time target across all port categories.

Further, in line with the high priority accorded by Government of India on export promotion, NTRS 2023 has placed much greater focus on measurement of export release time. NTRS, 2023 recognises the distinction between regulatory clearance (also referred as customs release), which gets completed with the grant of Let Export Order (LEO) and the wider aspect of physical clearance which occurs on completion of logistics processes with departure of the carrier with the goods. Adopting the benchmark of regulatory clearance, the NTFAP release time target has been achieved for almost all the port categories. The extent of certainty regarding the bettered average release time has improved.

Tags : NTRS   REPORT   RELEASE  

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