Carbon Border Adjustment Mechanism (CBAM)
We would like to inform you that the Customs Department has issued a circular regarding the full implementation of Regulation (EU) 2023/956 establishing the Carbon Border Adjustment Mechanism (CBAM) as of 1 January 2026, which aims to address greenhouse gas emissions.
Specifically, the circular states that goods falling under the Regulation (cement, aluminium, iron, steel, electricity, fertilizers) and imported into the customs territory of the Union must be imported only by an authorised CBAM declarant, meaning an importer or their indirect representative who is registered in the CBAM Registry. The competent authority for the CBAM Registry is the Department of Environment.
It is also noted that the importer or their indirect representative is exempt from the obligations arising from the Regulation when the net mass of imported goods in a given calendar year does not cumulatively exceed 50 tonnes.
More details regarding the circular of the Customs Department can be found here
