What happens during the transitional period?
During the transitional period, which started on 1 October 2023 and finishes at the end of 2025, the reporting declarant (which could be the importer or the indirect customs representative) must report at the end of each quarter emissions embedded in CBAM goods imported quarterly, without paying a financial adjustment, giving time for the final system to be put in place.
Reporting declarants should get in touch with the national competent authority (NCA) in the country where they are established to gain access to the CBAM Transitional Registry, which will be used to submit CBAM quarterly reports.
Source: EC’s Questions and Answers on CBAM