UK recognises India’s carbon credit scheme under CBAM, easing tax burden for exporters
The recognition means UK importers of eligible Indian goods may claim relief against their CBAM liability for the carbon price already paid under India’s Carbon Credit Trading Scheme, subject to UK verification rules.
The UK has recognised India's Carbon Credit Trading Scheme (CCTS) as a qualifying carbon pricing mechanism under its Carbon Border Adjustment Mechanism (CBAM), potentially lowering the carbon-related tax burden on Indian exporters. The recognition was communicated by the UK's HM Treasury to the Bureau of Energy Efficiency (BEE), Ministry of Power.
Under the recognition, UK importers bringing eligible Indian goods covered by CBAM into the country can seek carbon price relief for the effective carbon price already borne by those goods under India's CCTS, but the relief will require meeting evidence and verification requirements laid down under UK law.
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