- On October 1, 2023, the EU CBAM mechanism, or “Carbon Border Adjustment Mechanism,” came into effect, imposing new obligations on importers related to monitoring import transactions, determining embedded emissions in goods covered by the mechanism imported into the EU, and fulfilling reporting obligations.
- The competent authority for CBAM in Poland is the National Center for Emission Balancing and Management (KOBiZE), which will provide access to the CBAM Transitional Register for importers to submit quarterly CBAM reports to the European Commission during the transition period.
- New import formalities related to CBAM include a new type of control measure in the TARIC integrated customs tariff system and the ISZTAR4 information system, and a new obligation to provide the detail code “2C2” in the customs declaration for goods covered by CBAM.
- The CBAM Transitional Register will be accessed through the national competent authority and is expected to become fully operational in early November 2023.
Source Deloitte
