What responsibilities will importers of CBAM goods bear during the final phase?
What responsibilities will importers of CBAM goods bear during the final phase?
1 Answer
In the final phase, only certified CBAM declarants are permitted to import goods into the Union (Article 4 of the CBAM Regulation). The certified CBAM declarant is defined in Article 5 of the CBAM Regulation as follows: o if the importer is not established in a Member State: the indirect customs agent; o if the importer is established in a Member State: the importer, or, if agreed upon, the indirect customs agent.
Consequently, if the importer is not based in a Member State and the indirect customs agent does not hold the status of certified CBAM declarant, then the relevant CBAM goods cannot be imported into the Union.
During the final phase, certified CBAM declarants are required to purchase and surrender CBAM certificates that reflect the total embedded emissions in the imported CBAM goods. Certified CBAM declarants are also required to submit annual CBAM reports.