What is bonded in SAP IS-OIL-DS-TDP - Tariffs, Duties and Permits?

SAP Term: bonded

• Component: IS-OIL-DS-TDP

• Component Name: Tariffs, Duties and Permits

• Description: A location at which no excise duty is levied on materials held there.

Smart SAP Assistant

• Key Concepts: 
  Bonded is a term used in the IS-OIL-DS-TDP Tariffs, Duties and Permits component of SAP. It refers to goods that are stored in a bonded warehouse, which is a secure facility that is monitored by customs authorities. Goods stored in a bonded warehouse are not subject to import duties or taxes until they are removed from the warehouse. 
  
  How to use it: 
  In SAP, bonded warehouses are used to store goods that have been imported into a country but have not yet been cleared for sale. The IS-OIL-DS-TDP Tariffs, Duties and Permits component of SAP allows users to track the status of goods stored in bonded warehouses and manage the payment of duties and taxes when the goods are removed from the warehouse. 
  
  Tips & Tricks: 
  When using the IS-OIL-DS-TDP Tariffs, Duties and Permits component of SAP, it is important to ensure that all goods stored in bonded warehouses are properly tracked and accounted for. This will help ensure that all duties and taxes are paid on time and that no goods are lost or stolen. 
  
  Related Information: 
  For more information on bonded warehouses and how they are used in SAP, please refer to the official SAP documentation on IS-OIL-DS-TDP Tariffs, Duties and Permits.