Gain the product-level data you need for accurate CBAM calculations
Ensure you pay exactly what you owe with precise, verifiable results. Plus, with Makersite, you can prepare and submit your CBAM declarations, so you can focus on your business, not the paperwork. Discover how Makersite can streamline your compliance needs today.
What does CBAM mean for EU importers?
Starting on 1 October 2023, EU importers will embark on a new journey, submitting quarterly CBAM reports in a Transitional Registry. The stakes get higher from 1 January 2026, when they’ll need to pay for CBAM certificates based on reported and verified values. Non-compliance isn’t an option—it could result in penalties and even halt business operations. To navigate this new landscape successfully, having accurate and verifiable product-level data will be key. This will not only ensure that EU importers avoid overpaying their CBAM fees but also serve as a powerful business enabler.
Get Started with CBAM today
Navigating the complexities of CBAM compliance can be daunting, but with CBAM Compliance, you’re never alone. Our solution offers detailed data ingestion, efficient supplier engagement, precise carbon calculations, and automated quarterly reporting—all designed to keep your business compliant and ahead of regulatory changes.
How Makersite will support with CBAM Compliance
Transaction Import
Upload your transaction data into Makersite. We’ll identify which items are relevant to the CBAM tax.
Weight Verification
Check for any weight mismatches and rectify them. If your ERP system isn’t updated, don’t worry—you can use temporary figures in Makersite until accurate data is available.
Report Generation:
Produce your CBAM tax report in Makersite and export it in XML format for the tax authorities.
Common Problems With CBAM
Unfamiliarity with CN Codes
It’s unclear which products or purchases are eligible for the CBAM tax, as CN codes are unfamiliar territory.
Data can be inaccurate
There are issues with customs data being inaccurate, particularly when shipments are combined, complicating the task of correctly distributing weights.
And unreliable
Often, the weight information in system databases, like ERP, isn’t reliable.
Time really is money
Processing and submitting the required data reports is a cumbersome task that adds extra work.
Primary data remains a problem
Customers are tasked with the challenging job of gathering necessary data from their suppliers, as collecting primary data is now a prerequisite.
And, suppliers are unsure what to provide
Suppliers are at a loss when it comes to providing the demanded data and are unsure about the methods for calculating it, especially since the European Union’s provided template is complex.
“Working with Makersite, we’ve tackled our data challenges head-on at Barco, stepping into a new phase of data-focused sustainability and ecodesign. We’re linking our products with thorough supply chain data, and setting up automated LCAs and PEFs. It’s a game-changer in how we meet rules and share our environmental progress.”
Madeleine Vandenabeele
Environmental Sustainability Engineer
Ready to get a handle on CBAM?
Talk to us today (there’ll be no pushy sales or annoying spam, we’re not fans of that either)
- Find out how we’ve built the largest supply chain database
- Watch us build a product digital twin in minutes
- Be reassured about the security of your data
- Discover how you can make sustainability, cost and risk trade-offs in one platform