What is 'dutiable value' in SAP IS-OIL-DS-TDP - Tariffs, Duties and Permits?

dutiable value - Overview

• Component: IS-OIL-DS-TDP

• Component Name: Tariffs, Duties and Permits

• Description: Value of the duty to be paid, i.e. amount due.

dutiable value - Details

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  Key Concepts: 
  Dutiable value is a term used in the IS-OIL-DS-TDP (Tariffs, Duties and Permits) component of SAP. It is the value of goods that is subject to customs duties or taxes. This value is calculated by adding the cost of the goods, insurance, and freight charges. 
  
  How to use it: 
  In SAP, dutiable value is used to calculate the amount of taxes or duties that must be paid on imported goods. This value is used to determine the amount of taxes or duties that must be paid on imported goods. The dutiable value can be entered manually or calculated automatically using the system. 
  
  Tips & Tricks: 
  When entering the dutiable value manually, make sure to include all costs associated with the goods such as insurance and freight charges. This will ensure that the correct amount of taxes or duties are paid on imported goods. 
  
  Related Information: 
  The dutiable value is related to other terms such as customs duty, import duty, and excise duty. These terms are used to describe taxes or duties that must be paid on imported goods.