Guidance on CBAM implementation

The first transitional CBAM report must be submitted by 31 January 2024 on the embedded emissions of the imported goods in the fourth quarter of 2023, encompassing the following information:

• The total quantity of products in scope of CBAM imported during the period.
• Information on embedded direct and indirect emissions of these products
• Where applicable, the carbon price due in the country of origin

If the CBAM Data from Import Declarations report is not submitted, is submitted incorrectly or incompletely, and the reporting declarant hasn’t taken the necessary steps to correct or comply with the reporting obligation, EU Member States may impose a penalty on the reporting declarant.

The amount of the penalty may range from EUR 10 to EUR 50 per ton of unreported emissions, depending on relevant factors such as the extent of the unreported information and the degree of negligence of the reporting declarant.

To help stakeholders prepare for the new reporting obligations, the European Commission has prepared written guidance documents, to help navigate the transitional period (1 October 2023 – 31 December 2025).