What is Foreign Trade Commodity Catalogue in SAP AP-RC - FND Reuse Components?

SAP Term: Foreign Trade Commodity Catalogue

• Component: AP-RC

• Component Name: FND Reuse Components

• Description: A catalog of commodities that is used to identify goods for foreign trade or statistical purposes.

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• Key Concepts: 
  The Foreign Trade Commodity Catalogue Component (AP-RC FND Reuse Components) is a component of the SAP system that provides a comprehensive list of commodities and their related information. It is used to facilitate the international trade process by providing a standardized list of commodities and their associated information. This includes product descriptions, tariff codes, and other related information. 
  
  How to use it: 
  The Foreign Trade Commodity Catalogue Component can be accessed through the SAP system. Once accessed, users can search for commodities by name, description, or tariff code. The component also provides additional information such as product descriptions, tariff codes, and other related information. 
  
  Tips & Tricks: 
  When using the Foreign Trade Commodity Catalogue Component, it is important to ensure that the correct tariff codes are used for each commodity. This will ensure that the correct taxes and duties are applied when trading internationally. Additionally, it is important to keep the catalogue up-to-date with any changes in tariffs or product descriptions. 
  
  Related Information: 
  The Foreign Trade Commodity Catalogue Component is part of the SAP system’s Reuse Components. Other components in this suite include the Global Trade Services (GTS) component and the Global Trade Management (GTM) component. These components provide additional functionality for international trade processes such as customs clearance and compliance management.