- Commission publishes default values for determining embedded emissions during CBAM transitional period
- Default values can be used when importers do not have necessary information
- Declarants can report embedded emissions based on default values without limit for first three quarterly reports
- From Q3 2024 to end of 2025, declarants can report emissions based on estimations for complex goods with a limit of 20% of total embedded emissions
- Default values will be revised regularly after first reporting period for Q4 2023
- Additional simplifications and facilities integrated or to be integrated in CBAM transitional registry
- Clarification on reporting period for operators
- Commission working on further simplifying reporting obligations and facilitating submission of business data
- Updated guidance documents and electronic template provided for importers and installation operators outside the EU during transitional period
Source: taxation-customs.ec.europa.eu
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
