What is 'currency of declaration' in SAP SD-FT - Foreign Trade?

currency of declaration - Overview

• Component: SD-FT

• Component Name: Foreign Trade

• Description: A currency used for a customs declaration, for example, INTRASTAT currency.

currency of declaration - Details

• 
  Key Concepts: 
  Currency of declaration is a term used in SAP Foreign Trade (SD-FT) to refer to the currency in which the value of goods is declared for customs purposes. This currency is used to calculate the customs duties and taxes that must be paid when goods are imported or exported. 
  
  How to use it: 
  In SAP Foreign Trade, the currency of declaration is set in the header of the export/import document. This currency is then used to calculate the customs duties and taxes that must be paid when goods are imported or exported. 
  
  Tips & Tricks: 
  It is important to ensure that the currency of declaration is set correctly in order to avoid any potential issues with customs authorities. It is also important to ensure that the currency of declaration matches the currency of payment for any customs duties and taxes that must be paid. 
  
  Related Information: 
  For more information on SAP Foreign Trade, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_ERP_6.0_EHP7/6.0/en-US/f3f9a8d2b3e14c8a9f7d2b3e14c8a9f7d2b3e14c8a9f7d2b3e14c8a9f7d2b3e14c8a9f7d2b3e14c8a9f7d2b3e14c8a9f7d2b3e14c8a9f7d2b3e14c8a9f7d2b3e14c8a9f7d2b3e14c8a9f7d2b3e14c8a9f7d2b3e14c8a9f7d2b3e14c8a9f7d2b3e14c8a9f7d2b3e14c8a9f7d2b3e14c8a9f7d2b3e14c8a9f7d2b3e14c8a9f7d2b3e14c8a9f7d2b3e14c8a9f7d2b3e1/.