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

SAP Term: exemption license

• Component: IS-OIL-DS-TDP

• Component Name: Tariffs, Duties and Permits

• Description: Exemption from paying excise duty; controlled by a license issued by the excise authority.

Smart SAP Assistant

• Key Concepts: 
  An exemption license is a type of license issued by the government that allows a company to be exempt from certain taxes, duties, or fees. In the context of SAP IS-OIL-DS-TDP Tariffs, Duties and Permits, an exemption license is a document that allows a company to be exempt from certain taxes, duties, or fees related to the import or export of goods.
  
  How to use it: 
  In order to use an exemption license in SAP IS-OIL-DS-TDP Tariffs, Duties and Permits, the company must first obtain the license from the government. Once the license has been obtained, it can be entered into the system and used to exempt the company from certain taxes, duties, or fees related to the import or export of goods.
  
  Tips & Tricks: 
  It is important to note that an exemption license is only valid for a specific period of time and must be renewed periodically in order to remain valid. Additionally, it is important to ensure that all necessary documents are submitted in order to obtain an exemption license.
  
  Related Information: 
  For more information on exemption licenses and how they can be used in SAP IS-OIL-DS-TDP Tariffs, Duties and Permits, please refer to the official SAP documentation.