- The European Commission is proposing to expand the Carbon Border Adjustment Mechanism (CBAM) to include cast iron, steel, and complex metal products, significantly broadening the range of regulated goods.
- The proposed expansion will cover specific categories such as cast articles of cast iron or steel and complex metal products, including machinery, motor vehicles, and car parts, classified under various HS chapters.
- This extension is scheduled to take effect on January 1, 2028, marking a shift to regulate not only basic metal products but also more intricate metal goods.
Source Deloitte
The draft regulation is available at: https://taxation-customs.ec.europa.eu/carbon-border-adjustment-mechanism/cbam-legislation-and-guidance_en
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