What is declaration date in SAP LO-CMM - Commodity Management in Logistics?

SAP Term: declaration date

• Component: LO-CMM

• Component Name: Commodity Management in Logistics

• Description: Commodity Management in Logistik The last day the exercising of a logistical option can be declared.

Smart SAP Assistant

• Key Concepts: 
  Declaration date is a term used in the Logistics component of SAP Commodity Management (LO-CMM). It is the date on which a declaration is made to the customs authorities. This declaration is made to inform the authorities of the goods that are being imported or exported. 
  
  How to use it: 
  The declaration date is used to determine the customs duties and taxes that are applicable for the goods being imported or exported. The declaration date is also used to determine the validity of the documents that are submitted with the declaration. The declaration date must be entered into SAP Commodity Management in order for the system to calculate the applicable duties and taxes. 
  
  Tips & Tricks: 
  It is important to ensure that the declaration date is accurate and up-to-date in order for SAP Commodity Management to calculate the correct duties and taxes. It is also important to ensure that all documents submitted with the declaration are valid and up-to-date. 
  
  Related Information: 
  The declaration date is related to other terms such as customs clearance, import/export regulations, and duty rates. It is important to understand these terms in order to ensure that all declarations are accurate and up-to-date.