Are there penalties for non-compliance with the CBAM Regulation?

Yes. Failing to report the specific embedded emissions of CBAM goods attracts a penalty of EUR 10 to EUR 50 per tonne of unreported emissions.

Under the CBAM Regulation, quarterly reporting of the specific embedded emissions (SEE) in CBAM goods is mandatory. The identified National Competent Authorities levy penalties where:

• the reporting declarant does not comply with the obligation to report the specific embedded emissions (SEE); or
• the reporting declarant has not corrected an incorrect or incomplete CBAM report even after the competent authority has begun the correction procedure.

Staying compliant under the definitive regime is the focus of the CBAM compliance service.