Calculate Embedded Emissions for Unwrought Aluminium (HS7601)

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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.

16 DECEMBER 2021 AL CIRCLE

Ghana Revenue Authority to impose 35.77% duty on cheap aluminium products from China

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

The chairman of Aluworks PLC, Prof Lade Wosornu stated that the Ghana Revenue Authority’s custom division has stirred to impose an additional duty of 35.77% on cheap aluminium products imported from China, that will empower Aluworks, the aluminium continuous casting and cold rolling mill of Ghana to compete favourably in terms of the pricing of its products.

GRAto impose 35.77% duty on cheap aluminium products from China

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Prof Wosornu, while speaking at the 34^th annual general meeting, which was held virtually, said: “The Ghana International Trade Commission (GITC) wrote to the company to confirm that the customs division had commenced the processes for the implementation of the ruling on Aluworks' petition.”

In 2020, Aluworks petitioned GITC to put measures in place to deal with the dumping of cheap aluminium products imported from China that was delivering a negative impact on the survival of domestic industries.

However, GITC ruled that such imports were denting the Ghana industry and imposed an additional penalty in the form of duty at the rate of 35.77% cost and freight.

Ghana Revenue Authority to impose 35.77% duty on cheap aluminium products from China

Prof Wosornu exhorted the company's major shareholders SSNIT and Caitlyn Limited to accomplish their collaborative investment discussion that will enable the company to secure working capital to meet the gradual rise in demand, which is anticipated under the Africa Free Trade Initiative.

He said: “The economic downturn resulting from the Coronavirus pandemic, border closure and the rising world market price of aluminium negatively affected their business last year.”

“In 2020 we purchased 3,776 tonnes from Volta Aluminium Company(against a budget of 5,600 tonnes)and produced for the market 3,672 tonnes compared to 2019 where we purchased 4,302 tonnes and sold 4,318 tonnes," he added.

“Cheap aluminium imports from China affected their operations to the extent that in 2020 they sold only 3,665 tonnes (GH¢68.975 million) a 12% drop compared to 2019 where they recorded sales of 4,168 tonnes (GH¢76.993 million).”

Prof Wosornu commented: “The Board and management were committed to repositioning Aluworks PLC as a resilient trustworthy leader of industry and supplier of choice offering tailor-made products to discerning customers.”

Ernest K. Okoh, the Managing Director of Aluworks, said: “We were pleased that the Customs Division was implementing the ruling of GITC to ensure the sustainability of the local industry.”

“We would monitor the process keenly to see how the implementation works out".

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