Our ESG Department presents an important notice regarding CBAM reporting:
Due to technical difficulties experienced by some business entities, preventing them from submitting data and reports related to the EU CBAM and the Import Control System 2, the Commission has introduced a new functionality that will be available from February 1st in the Transition Registry. This functionality allows reporters to submit a “request for deferred submission,” providing them with an additional 30 days to submit CBAM reports.
According to guidelines provided to National Competent Authorities, no penalties will be imposed on reporters who faced difficulties in submitting their initial CBAM report, which, as a reminder, was due by 31 January 2024. Deferred submission of CBAM reports due to system errors will be considered justified, provided that submission occurs promptly after overcoming technical difficulties. In any case, penalties will not be imposed before the correction procedure is initiated, allowing reporters to provide justifications and rectify any inaccuracies in their CBAM reports.
Finally, it should be emphasized that reporting entities can subsequently amend and correct their first three CBAM reports until 31 July 2024.
