CBAM Update – EPA Now Issuing Enforcement Letters

Background to CBAM

Irish Steel have reached out to Brian McNamara, a Customs Clearance Expert and MD at SwiftFile Customs Clearance to seek information and advice on CBAM for our members.

If you are an importer of iron, steel or aluminium goods, there is a good chance you have a reporting obligation under the EU’s new Carbon Border tax regulations (CBAM). This recently introduced regulation covers quite a broad range of goods coming from outside the EU, and the level for exemptions is very low. An information document is attached to explain CBAM.

SwiftFile advise Irish companies to take the following 5 steps to ensure CBAM compliance:

• Understand your CBAM exposure by reviewing the list of goods covered (the CBAM goods list is attached).
• Establish your dataset: use the C&E import reports from Revenue as a starting point to get a clear picture of the commodity code, origin and weights of your imports.
• Obtain the default values for carbon emissions from the EC website
• Register with the CBAM Transitional Registry and request an extension for overdue reports from the EPA.
• Get any overdue reports submitted to avoid potential fines & penalties.

Importers of CBAM goods should be talking to their suppliers to ensure they have specific carbon emissions data on imports for their reporting.

EPA Enforcement Letters

In fact, the EPA have already started sending out enforcement letters re CBAM – a recent sample letter is attached. You’ll notice they refer to very specific weights of goods imported in the quarter – they get the full picture from Revenue from customs declarations. Brian says that they’re only going to get more active on this so any importer of CBAM goods should be looking to get their reports in and become CBAM-compliant to avoid any issues down the road.

SwiftFile helps importers get CBAM-compliant and streamline the data collection process. Get in touch with Brian to find out how he can support your business in this area – SwiftFile.ie, +353 87 242 9985 or brian@swiftfile.ie or you can contact us here at Irish Steel and we’ll point you in the right direction.

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