What is excise duty pricing key in SAP IS-OIL-DS-TDP - Tariffs, Duties and Permits?

SAP Term: excise duty pricing key

• Component: IS-OIL-DS-TDP

• Component Name: Tariffs, Duties and Permits

• Description: An indicator in SAP Oil & Gas that corresponds to the source of excise tax rates in SAP CRM. It displays whether a customer is billed using internal or external taxes. External excise tax rates are always used for goods issues. These rates and the units of measure on which the rates are based, are determined by law. Internal excise tax rates are stored with pricing condition records in the system. Internal excise tax rates are are taxes that are specific to the company that sells the goods. You use the pricing indicator to control if internal or external excise tax rates are to be used for an order line item. This allows you to bill a customer using various excise tax rates, depending on what is stipulated by law.

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• Key Concepts: 
  Excise duty pricing key is a component of the IS-OIL-DS-TDP (Tariffs, Duties and Permits) module in SAP. It is used to determine the excise duty rate applicable to a particular product or service. The excise duty rate is based on the product or service's classification, country of origin, and other factors. The pricing key is used to calculate the excise duty rate for a particular transaction.
  
  How to use it: 
  The excise duty pricing key is used to determine the applicable excise duty rate for a particular transaction. To use it, you must first enter the product or service's classification, country of origin, and other relevant information into the system. The system will then calculate the applicable excise duty rate based on this information.
  
  Tips & Tricks: 
  It is important to ensure that all relevant information is entered accurately into the system when using the excise duty pricing key. This will ensure that the correct excise duty rate is calculated for each transaction. Additionally, it is important to keep up-to-date with any changes in excise duty rates as these can change over time.
  
  Related Information: 
  For more information on how to use the excise duty pricing key in SAP, please refer to the official SAP documentation. Additionally, you can find more information on excise duties and their rates on government websites such as HMRC in the UK or IRS in the US.