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

SAP Term: excise duty status

• Component: IS-OIL-DS-TDP

• Component Name: Tariffs, Duties and Permits

• Description: The excise-duty status of a material may be e.g. "taxed" or "untaxed".

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• Key Concepts: 
  Excise duty status is a component of the IS-OIL-DS-TDP (Tariffs, Duties and Permits) module in SAP. It is used to determine the applicable excise duty rate for a particular product or service. The excise duty rate is based on the country of origin, the type of product or service, and other factors. 
  
  How to use it: 
  In order to use the excise duty status component, you must first enter the relevant information into the system. This includes the country of origin, type of product or service, and any other relevant information. Once this information is entered, the system will calculate the applicable excise duty rate for that product or service. 
  
  Tips & Tricks: 
  It is important to ensure that all relevant information is entered accurately in order to get an accurate calculation of the applicable excise duty rate. Additionally, it is important to keep up-to-date with any changes in excise duty rates as they can change over time. 
  
  Related Information: 
  The IS-OIL-DS-TDP module also includes components such as customs duties, import/export taxes, and other related taxes and fees. Additionally, there are other modules in SAP that can be used to manage taxes and duties such as FI-GL (Financial Accounting - General Ledger) and SD (Sales & Distribution).