National Time Release Study 2022

  • On 11th April, 2022, the Central Board of Indirect Taxes and Customs (CBIC) released Time Release Study (TRS) 2022.
  • TRS is essentially a performance measurement tool for assessing the cargo clearance process of international trade, as recommended by the WTO under the Trade Facilitation Agreement (TFA) and the World Customs Organization (WCO).
  • The study measures average cargo release time, i.e. the time taken from the arrival of the cargo at the customs station to its eventual release for import or export as the case may be.
  • Ports Covered: The TRS 2022 covered four-port categories –
    • Seaports
    • Air cargo complexes (ACCs)
    • Inland container ....
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