What is certificate of origin in SAP MM - Materials Management?

SAP Term: certificate of origin

• Component: MM

• Component Name: Materials Management

• Description: A formal declaration stating the name of the country in which imported goods have been manufactured and identifying the goods.

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• Key Concepts: 
  A Certificate of Origin (CO) is a document used in international trade to certify the origin of goods. It is used to determine the country of origin for goods being imported into a country, and is required by many countries for customs clearance. In SAP Materials Management (MM), the Certificate of Origin is used to determine the origin of goods for customs clearance and to calculate the applicable duties and taxes.
  
  How to use it: 
  In SAP MM, the Certificate of Origin is entered in the system when creating a purchase order. The system will then use this information to determine the applicable duties and taxes for the goods being imported. The Certificate of Origin can also be used to track the origin of goods for compliance purposes.
  
  Tips & Tricks: 
  When entering a Certificate of Origin in SAP MM, make sure that all information is accurate and up-to-date. This will ensure that the system can accurately calculate the applicable duties and taxes for the goods being imported.
  
  Related Information: 
  The Certificate of Origin is just one part of the import process in SAP MM. Other documents such as invoices, packing lists, and shipping documents may also be required for customs clearance. It is important to ensure that all documents are accurate and up-to-date in order to avoid delays or additional costs.