India seeks exemptions for MSMEs from EU's carbon tax: Sources
India is urging the European Union (EU) to enter into a mutual recognition agreement for its carbon certificates and exempt small and medium enterprises in certain sectors from the EU carbon tax, according to a government official. The EU is introducing its Carbon Border Adjustment Mechanism (CBAM) from 1 October, which will translate into a 20-35% tax on select imports from 1 January, 2026.
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