CBIC releases National Time Release Study 2023 report

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.
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