Adjustment of guarantee
Article 16
1. Where the competent authority establishes that an adjustment of a guarantee is necessary to fulfil the requirements in Article 17(6) of Regulation (EU) 2023/956, it shall require the authorised CBAM declarant to adjust the guarantee without delay. 2. A decision to adjust the amount of a guarantee shall be based on the amount of imported goods declared in the customs declaration and other relevant information available to the competent authority. That information shall be made accessible to the authorised CBAM declarant by the competent authority. 3. The CBAM declarant shall provide the adjusted guarantee within a time limit decided by the competent authority which shall not exceed 2 months from the request in paragraph 1 was made. The competent authority shall register the adjusted guarantee in the CBAM registry without delay. 4. The competent authority may extend the period laid down in paragraph 3 where the authorised CBAM declarant provides a reasoned request to that regard. When granted, the extended deadline shall not be longer than 3 months after the request to adjust the guarantee made by the competent authority. 5. Where the authorised CBAM declarant does not provide the adjusted guarantee within the deadline as laid down in paragraph 3 or paragraph 4, as applicable, the competent authority shall initiate the revocation procedure referred to in Article 22.