India to conduct 1st National Time Release Study for efficient trade flow

The Department of Revenue, Ministry of Finance, as part of its strategic commitment to improving global trade, is conducting India’s first national Time Release Study (TRS). The exercise will be institutionalized on an annual basis.

This initiative will help India maintain the upward trajectory on Ease of Doing Business, particularly on the Trading Across Borders indicator which measures the efficiency of the cross border trade ecosystem. The TRS is an internationally recognized tool advocated by the World Customs Organization to measure the efficiency and effectiveness of international trade flows.

Static/Current Takeaways Important For SBI Clerk Main 2019:

  • World Customs Organization Headquarter:  Brussels, Belgium.
  • World Customs Organization Established: 26 January 1952.

Source: The DD News

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