https://www.taxtmi.com/article/detailed?id=16929 CBAM imposes a carbon-related charge on covered imported goods according to their embedded greenhouse gas emissions, seeking to prevent carbon leakage and align carbon costs for domestic and foreign producers. Covered sectors initially include iron and steel, aluminium, cement, fertilizers, electricity, and hydrogen. Exporters must measure and report emissions, while importers declare covered goods and acquire corresponding certificates, subject to recognition of eligible carbon prices already paid abroad. Customs administrations verify scope, documentation, emissions declarations, and compliance through risk management and digital systems. Implementation requires reliable verification, standardized accounting, and international cooperation, while creating both compliance burdens and incentives for cleaner production. en-us Mon, 13 Jul 2026 23:45:46 +0530 Mon, 13 Jul 2026 23:46:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16929 CBAM imposes a carbon-related charge on covered imported goods according to their embedded greenhouse gas emissions, seeking to prevent carbon leakage and align carbon costs for domestic and foreign producers. Covered sectors initially include iron and steel, aluminium, cement, fertilizers, electricity, and hydrogen. Exporters must measure and report emissions, while importers declare covered goods and acquire corresponding certificates, subject to recognition of eligible carbon prices already paid abroad. Customs administrations verify scope, documentation, emissions declarations, and compliance through risk management and digital systems. Implementation requires reliable verification, standardized accounting, and international cooperation, while creating both compliance burdens and incentives for cleaner production. Articles Customs - Import - Export - SEZ Mon, 13 Jul 2026 23:45:46 +0530 https://www.taxtmi.com/article/detailed?id=16929