-
Overview of CBAM: The EU’s Carbon Border Adjustment Mechanism prices embedded carbon in imports to prevent carbon leakage, requiring Indian exporters to align early for compliance, cost control, and trade competitiveness.
-
Impact on Indian Exporters: Sectors like steel, aluminium, cement, fertiliser, electricity, and hydrogen face reporting obligations. Early preparation reduces margin risk, ensures buyer preference, and unlocks ESG-linked financing opportunities.
-
Reporting Requirements: Exporters must provide product-level Scope 1 & 2 emissions, material Scope 3, facility mapping, and accredited verification. Centralized CBAM reporting tools ensure auditability, traceability, and regulatory alignment.
-
Roadmap to Compliance: Steps include exposure mapping, data collection, reporting system implementation, team alignment, financial integration, and monitoring EU guidance. Early readiness strengthens efficiency, buyer trust, brand, and access to capital.
Source: www.taxilla.com
Latest Posts in "India"
- Government Scrutinizes E-commerce for Ignoring CST Rate Cuts, Investigates 3,000 Consumer Complaints
- Industry Body Urges Government for Relief Measures for Small Chemists During GST 2.0 Transition
- CESTAT Rules Electronic Software Downloads Exempt from Customs Duty in HCL Technologies Case
- India’s GST 2.0 Sparks Concerns in Nepal Over Smuggling and Trade Deficit
- India Recognizes Intermediary Services as Exports Under GST, Aligning with Global Practices
