CBAM, inward processing relief and CBAM report

The draft [Document Ares(2023)4079551] of a regulation “…laying down the rules for the application of Regulation (EU) 2023/956 of the European Parliament and of the Council as regards reporting obligations for the purposes of the carbon border adjustment mechanism during the transitional period…” lays down the following data about the goods placed under inward processing (Article 257 of UCC) must be contained in the CBAM report:  “…  (a) the quantities of goods listed in Annex I to Regulation (EU) 2023/956 that have been released for free circulation following inward processing during that period;  (b)  embedded emissions corresponding to these quantities of goods listed in Annex I to Regulation (EU) 2023/956 that have been released for free circulation following inward processing during that period;  (c)the country of origin of the goods referred to in point (a), where known; (d)     the installations where the goods referred to in point (a) were produced, where known; (e) the quantities of goods ….placed under inward processing that resulted in processed products that has been released for free circulation during that period;  (f) embedded emissions corresponding to the goods …. that have been used to produce the quantities of processed products referred to in point (e)…”

The trade compliance obligations related to CBAM require the AEO approach: monitoring of internal processes, reporting, KPI, high knowledge of the customs regulations, ongoing risk assessment. The AEO authorization is based on the following pillars: classification, value and origin. These areas are monitored from the self assessment questionnaire.