National Time Release Study (NTRS), 2022

Why in news?

• It was recently released by Central Board of Indirect Taxes and Customs (CBIC).
• NTRS 2022 presents the annual report of cargo clearance process through four categories of ports-
  • seaport,
  • Inland Container Depots (ICDs),
  • Air Cargo Complexes (ACC) and
  • Integrated Check Posts (ICPs).
• NTRS 2022 has reported imp rovement in the average cargo release time for all the four port categories in 2022.
• Time Release Study is a performance measurement tool for assessing cargo clearance process of international trade, as recommended by World Trade Organization (WTO) under Trade Facilitation Agreement (TFA) and World Customs Organization (WCO).