On 17th August, the European Commission published rules governing the implementation of the CBAM mechanism during its transitional phase. The transitional phase starts already on October 1, 2023 and will last until the end of 2025. During this period, importers will be required to submit quarterly reports on imports of goods covered by the CBAM regime.
The draft implementing regulation released by the European Commission details the transitional reporting obligations of EU importers of CBAM goods, as well as the methodology for calculating embedded emissions released during the production process of CBAM goods under the transitional period. In addition, the EC has also published detailed guidance with a view to help EU importers and third-country producers in meeting their obligations during the transitional period.
Source: mddp.pl
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