Calculate Embedded Emissions for Unwrought Aluminium (HS7601)

Enter your input

Payable emissions (tCO₂e/t)

Total CBAM Cost (€)

Notes:
There may be a difference when calculating the price with respect to import volume, carbon price, and benchmark emissions, as the embedded formula may result in minor variations due to decimal rounding. Therefore, the actual value may vary.

CBAM is applicable to trade volumes starting from 50 metric tonnes. For trade volumes below 50 metric tonnes, CBAM does not apply.

Usage Procedure – How to use the CBAM Calculator Sheet

Enter or update values only in the INPUT
PARAMETERS section (Highlighted in blue) , including
the carbon price, benchmark emissions, CBAM
chargeable percentage (as per the phase-in year),
and imported quantity.

The system will automatically calculate the payable
emissions and the total CBAM cost (€) based on the
inputs provided.

Notes:
• Change any input value to automatically update CBAM cost.
• Formula used: Carbon price × payable emissions × quantity.
• Model aligned with CBAM supplier-side illustrative methodology.

27 JUNE 2023 AL CIRCLE

Bangladesh’s National Board of Revenue exempts 7.5% VAT on local aluminium scrap collection

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

The National Board of Revenue (NBR), Bangladesh's apex authority for tax administration, has reportedly exempted the 7.5 per cent value-added tax (VAT) on local aluminium scraps and wastes procured by utensil-manufacturing companies. The news came after NBR issued a public notice informing the VAT exemption effective from Monday, June 26.

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Officials said 7.5 per cent VAT on local wastes and scraps was imposed in 2012 as per the VAT and Supplementary Duty (SD) Act. But it has always been challenging to collect the tax as such products are collected with no official information. This is one of the reasons why NBR has waived the tax.

The other reason is to free aluminium utensils manufacturers from paying higher costs for raw materials, enabling them to sell the end products at affordable prices.

The National Board of Revenue also reduced VAT on ballpoint pens by 10 per cent. The newly implemented tax is 5 per cent, as proposed in the budget. It also offered tax benefits on the import of parts of light-emitting diode (LED) lamps and to local switch-socket manufacturers.

On the other hand, the VAT wing of NBR re-imposed 15 per cent VAT and 5 per cent advance tax on petroleum products imports, with effect from the same day.

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