The average time taken for customs clearance of imports has come down by 16 per cent at air cargo complexes and by 12 per cent across seaports, a CBIC study showed on Monday.
The National Time Release Study 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).
The comparative study in NTRS 2022 shows that the average import release time in 2022 has improved by 16 per cent at ACCs, 12 per cent in case of seaports and ICDs, and 2 per cent in ICPs as compared to 2021, the Central Board of Indirect Taxes and Customs (CBIC) tweeted.
"The study covered bills of entry (for import) and shipping documents (exports) filed during the first week of January 2022 for cargo clearance through 15 major customs formations," the CBIC said.
With this improvement, the ICPs have achieved the National Trade Facilitation Action Plan (NTFAP) target release time to be achieved by 2023, whereas the other three port categories have reached 75 per cent of NTFAP target, the finance ministry said in a statement.
The study covered 15 major customs formations, including four port categories -- seaports, ACCs, ICDs and ICPs -- which handle about 80 per cent of the bills of entry (imports documents) and 70 per cent of the shipping bills (export documents), and is based on the sample period between January 1 and 7 this year.
The study also reveals that there has been a 79 per cent improvement in average export release time at integrated check posts on land border.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)