What is duty suspension in SAP IS-BEV - SAP Beverage?

SAP Term: duty suspension

• Component: IS-BEV

• Component Name: SAP Beverage

• Description: Suspended from duties. With the exception of the electricity tax and natural gas tax, all excise duty laws contain certain regulations that allow the manufacture, storage and transport of excise-duty-liable goods under duty suspension. No excise duties are incurred for the excise-duty-liable goods at this point, but they are subject to tax monitoring.

Smart SAP Assistant

• Key Concepts: 
  Duty suspension is a feature of the IS-BEV SAP Beverage Industry Solution that allows for the suspension of duties and taxes on certain beverage products. This feature is used to reduce the cost of production and distribution of beverages, as well as to ensure compliance with local regulations.
  
  How to use it: 
  In order to use duty suspension, users must first configure the system to recognize the applicable duties and taxes. This can be done by setting up a duty suspension code in the system. Once this is done, users can then enter the applicable duty suspension code when creating a new product or order. The system will then automatically calculate the applicable duties and taxes for that product or order.
  
  Tips & Tricks: 
  It is important to ensure that all applicable duties and taxes are correctly configured in the system before using duty suspension. This will help to ensure that all orders are correctly calculated and that any applicable duties and taxes are correctly applied. Additionally, it is important to regularly review any changes in local regulations in order to ensure compliance with duty suspension requirements. 
  
  Related Information: 
  For more information on duty suspension, please refer to the IS-BEV SAP Beverage Industry Solution documentation. Additionally, you can contact your local SAP representative for more information on how to configure and use duty suspension in your system.