What is internal price determination in SAP IS-OIL-DS-TDP - Tariffs, Duties and Permits?

SAP Term: internal price determination

• Component: IS-OIL-DS-TDP

• Component Name: Tariffs, Duties and Permits

• Description: A means of establishing excise duty. You can determine this both internally and externally. Internal price determination uses normal, internal pricing with condition records. In contrast, external price determination uses the external table OIH01. Note: Internal and external detemination of excise duty should not be confused with the choice between internal and external duty records.

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• Key Concepts: 
  Internal price determination is a process used in the IS-OIL-DS-TDP Tariffs, Duties and Permits component of SAP software. It is used to determine the price of goods and services based on internal factors such as cost, profit margin, and other internal criteria. This process helps to ensure that prices are fair and competitive. 
  
  How to use it: 
  The internal price determination process is used to set prices for goods and services. It takes into account internal factors such as cost, profit margin, and other criteria. The process can be used to set prices for both new and existing products. Prices can be set manually or automatically using the SAP system. 
  
  Tips & Tricks: 
  When setting prices using the internal price determination process, it is important to consider both internal and external factors. Internal factors such as cost, profit margin, and other criteria should be taken into account when setting prices. External factors such as market conditions, competition, and customer demand should also be taken into consideration when setting prices. 
  
  Related Information: 
  The internal price determination process is part of the IS-OIL-DS-TDP Tariffs, Duties and Permits component of SAP software. This component also includes features such as tariff management, duty management, permit management, and more. For more information about this component, please refer to the official SAP documentation.