Specific CBAM rules applicable to import of goods
- Importers of CBAM goods should only be entitled to import these goods after being granted the status of an authorized CBAM declarant, or if they would appoint a representative authorized as CBAM declarant
- The customs authorities may carry out checks on the goods, including with respect to the identification of the authorized CBAM declarant, the eight-digit CN code, the quantity and the country of origin of the imported goods, the date of declaration, and the customs procedure.
Enforcement
- Failure to surrender correct annual CBAM declaration or import from an entity not authorized as CBAM declarant is subject to penalties
- In case of repeated offences, the national competent authority may decide to suspend the account of the declarant
Actions
If your company is importing – into the EU – products potentially falling under CBAM, we would recommend developing CBAM roadmap already now via:
- Checking tariff codes and country of origin of the goods imported into the EU in order to identify whether and which of your products fall under CBAM
- Formation of CBAM compliance team within your organization
- Development of internal procedures on CBAM data collection and reporting. Are there enough data within the organization to meet CBAM reporting requirements or should new types of data be requested from the producers?
- What IT system improvements are needed to aggregate the data required for CBAM reporting? Is it possible to use the existing systems?
If you have any questions about whether CBAM is applicable to your business and how you should prepare for its introduction, please contact us.