Indian Carbon Market (ICM): Registration & Compliance Documentation Guide for Obligated Entities
If you’re a notified obligated entity, registration on the ICM portal is mandatory. Without it, you can’t submit compliance documents or manage Carbon Credit Certificates (CCCs).
1) What the ICM is
The Carbon Credit Trading Scheme (CCTS) is administered by BEE, with the ICM Registry operated by Grid Controller of India (Grid-India/GCI). Trading is regulated by the Central Electricity Regulatory Council (CERC).
2) Who must register
All notified obligated entities covered under the GEI targets must register and comply.
3) What you must prepare before registration
- Authority & roles: authorised signatory + compliance owner + technical data owner
- Facility boundary: what’s in/out, source list, metering/sampling points
- Baseline & ongoing data readiness: production, fuels, electricity, calculation workbook + evidence trail
4) What compliance documentation is actually required
Monitoring Plan (early requirement)
A monitoring plan must be submitted within 3 months of the start of the first trajectory period, and annually within 3 months of the start of each compliance year.
Annual submission (mandatory)
You must submit the duly verified Performance Assessment Document (Form A) and the Certificate of Verification (Form B) within 4 months after the end of the compliance year.
5) What happens if you do not comply
Non-compliance can trigger environmental compensation equal to double the average traded Carbon Credit Certificates (CCC) price, payable within 90 days.
6) How Bilancia can help
- Registration + facility onboarding (roles, defining boundary, evidence management)
- Monitoring plan + MRV controls (data flow, meters, sampling, QA, audit trail)
- Annual compliance + verification coordination (Form A/B-ready documentation, non-conformity closure)