“Border Adjustment Mechanism” Carbon Taxation by EU is Arbitrary, says FM Nirmala Sitharaman

Engineering goods will come under the purview of this import duty
By Manu Sharma - On October 11, 2024 8:35 pm - 2 mins read
Carbon Taxation - Border Adjustment Mechanism - Carbon Taxation by EU - Nirmala Sitharaman - taxscan

Finance Minister Nirmala Sitharaman has expressed strong criticism of the European Union’s Carbon Border Adjustment Mechanism ( CBAM ), describing it as a unilateral and arbitrary move that could hurt Indian exports. The CBAM, a form of carbon taxation on imports of engineering goods into the European Union ( EU ), is set to take…

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