What is Foreign Trade Product Classification Standard in SAP AP-RC - FND Reuse Components?

SAP Term: Foreign Trade Product Classification Standard

• Component: AP-RC

• Component Name: FND Reuse Components

• Description: The management of foreign trade code catalogues and the classification of products according to these codes.

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• Key Concepts: 
  The Foreign Trade Product Classification Standard Component (AP-RC FND Reuse Components) is a SAP component that provides a standard product classification system for international trade. It is based on the Harmonized System (HS) of the World Customs Organization (WCO). The component enables users to classify products according to the HS codes and to assign them to the corresponding customs tariff numbers. 
  
  How to use it: 
  The AP-RC FND Reuse Components can be used to classify products according to the HS codes and assign them to the corresponding customs tariff numbers. The component also provides a search function that allows users to quickly find the correct HS code for a given product. Additionally, users can use the component to generate reports that provide detailed information about the classification of products. 
  
  Tips & Tricks: 
  When using the AP-RC FND Reuse Components, it is important to ensure that all products are correctly classified according to the HS codes. This will help ensure that all products are correctly assigned to the corresponding customs tariff numbers. Additionally, it is important to regularly update the component with new HS codes as they become available. 
  
  Related Information: 
  The AP-RC FND Reuse Components are based on the Harmonized System (HS) of the World Customs Organization (WCO). For more information about the HS, please visit https://www.wcoomd.org/en/topics/nomenclature/overview/harmonized-system.aspx.