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.

24 JUNE 2020 AL CIRCLE

“Self-Reliant India”: RoDTEP scheme can be a “Game-Changer” in boosting exports, benefit to Aluminium industry

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

On 14^th September’19, the Finance Minister of India, Nirmala Sitaraman announced Remission of Duties or Taxes on Export Products (RoDTEP). The scheme is progressive towards boosting exports and employment generation in various sectors in the country.

The RoDTEP scheme will replace the existing Merchandise Exports from India Scheme (MEIS). INR 50,000 Cr. budget provision was kept for RoDTEP by Finance Minister.

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Self-Reliant Scheme can be a game changer in export

The Indian cabinet approved RoDTEP Scheme on 13^th March’20. RoDTEP scheme is WTO compliant, will reimburse taxes/duties/levies at the central, state and local level, which are currently not being refunded

The sequence of introducing the scheme across sectors, prioritization of the sectors to be covered, degree of benefit to be given on various items within the rates set by the Committee will be decided and notified by the Department of Commerce.

The aluminium industry is in dire need of some support to relieve it from the burden of high taxes and duties as the industry is struggling to retain global competitiveness.

The huge burden of un-rebated Central & State taxes and duties, constituting 15% of Aluminium production cost which is amongst the highest in the world. INR 5000 crore of taxes on Aluminium exports in FY19 has been received by Govt.

While other countries support the Aluminium industry through various incentives/ subsidies, cheaper power with long term tie-ups, preferential gas allocation, tax benefits, export incentives, low-interest rate loans etc. for enhanced competitiveness.

Indian exports are also suffering due to the measures taken by the USA, imposing 10% tariffs on Aluminium imports and granting exemption to Australia, Argentina, Canada and Mexico, which constitutes almost 50% of US Aluminium imports.

Moreover, the USA’s withdrawal of GSP status (Generalized System of Preferences) for India has also hit the Indian Aluminium exports, which are now subjected to additional 2.6% to 6% MFN duties over and above the 10% tariffs imposed under section 232, while the same Aluminium product from Canada, Mexico, Argentina & Australia is imported in the US at zero duty, and Middle Eastern countries like Oman, Bahrain etc. enjoy MFN duty exemption due to existing FTA with the USA.

Indian Aluminium industry has submitted all the required data in prescribed formats to DGFT.

The Ministry of Commerce and Industry needs to take decisive steps for expediting formulation of RoDTEP Scheme on priority for priority sectors which have huge export potential e.g. Aluminium, industry to boost exports.

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