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CBAM Q3 2024: Is your company ready for the new reporting requirements?
The EU Carbon Border Adjustment Mechanism (CBAM) enters a critical phase in Q3 2024, with significant changes to reporting requirements. Importers must transition from using default values to reporting actual embedded emissions for goods released into free circulation from July 1, 2024. This update provides crucial information about these changes and how to prepare for the October 31, 2024 reporting deadline.