CBIC releases National Time Release Study 2023 report

Daily Current Affairs / CBIC releases National Time Release Study 2023 report

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Category : National Published on: June 19 2023

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Vivek Johri, Chairman, Central Board of Indirect Taxes and Customs (CBIC) recently released the National Time Release Study (NTRS) 2023 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.
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.