TaxTMI 
TaxTMI 
TaxTMI 
EU carbon tax unacceptable, hurting exporting costs: Congress
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....U carbon tax unacceptable, hurting exporting costs: Congress<BR>Customs & Trade<BR>Dated:- 1-1-2026<BR>PTI<BR>New Delhi, Jan 1 (PTI) The Congress on Thursday raised concerns over the rising costs of e....
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....xports due to the European Union's carbon tax and said that the India-EU FTA to be signed later this month must account for the "unacceptable" non-tariff barrier. Congress general secretary Jairam R....
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....amesh said the much-awaited India-EU Free Trade Agreement will reportedly be finalised later this month. Beginning Thursday, Indian steel and aluminium exporters to the 27-nation European Union will....
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.... have to pay a carbon tax under the EU's Carbon Border Adjustment Mechanism (CBAM), he said in a post on X "In FY 2024-25, our exports of steel and aluminium to the EU averaged USD 5.8 billion — h....
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....aving already fallen from USD 7 billion in the previous year as EU importers began preparing for the introduction of the CBAM," he said. Ramesh cited the think-tank GTRI's estimate, according to whi....
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....ch many Indian exporters may have to cut prices by 15-22 per cent so that their EU importers can use that margin to pay the carbon tax. "In addition, the documentation requirements call for meticulo....
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....us accounting for and reporting of carbon emissions that are adding further costs to Indian exporters. "Any India-EU FTA that does get finally signed must account for this unacceptable non-tariff ba....
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....rrier," Ramesh said. PTI SKC VN VN<BR> News - Press release - PIB....