What is customs clearance in SAP SD-FT - Foreign Trade?

SAP Term: customs clearance

• Component: SD-FT

• Component Name: Foreign Trade

• Description: The official act of performing customs procedures in which goods are made available for domestic consumption or are converted to a customs status.

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• Key Concepts: 
  Customs clearance is a process that is required when goods are imported or exported across international borders. It involves the preparation and submission of documents to the relevant customs authorities in order to obtain permission to move goods across the border. In SAP, customs clearance is handled by the SD-FT Foreign Trade component. 
  
  How to use it: 
  The SD-FT Foreign Trade component provides a range of tools and features to help manage the customs clearance process. These include the ability to create and submit customs declarations, track shipments, and manage import/export taxes and duties. The component also provides access to up-to-date information on customs regulations and requirements in different countries. 
  
  Tips & Tricks: 
  When submitting customs declarations, it is important to ensure that all required information is provided accurately and completely. This will help to avoid delays or other issues with the clearance process. Additionally, it is important to stay up-to-date on any changes in customs regulations or requirements in different countries. 
  
  Related Information: 
  For more information on using the SD-FT Foreign Trade component for customs clearance, please refer to the SAP Help Portal or contact your local SAP representative.