What is customs duty rate in SAP SD-FT - Foreign Trade?

SAP Term: customs duty rate

• Component: SD-FT

• Component Name: Foreign Trade

• Description: A percentage of the total value of goods that are imported into a customs territory that is levied as a customs tariff. There are three duty rates for imported goods: General rate: used for assessing duties on imports from most countries Special duty rate: rates reduced as a result of trade agreements between friendly countries or free trade agreements, such as NAFTA or INTRASTAT agreements in some cases, no duty is levied Statutory duty rate: apply to unfriendly countries and are are generally much higher than general duty rates

Smart SAP Assistant

• Key Concepts: 
  Customs duty rate is a percentage of the value of goods that is charged by a country’s customs authority when goods are imported into the country. This rate is determined by the country’s government and is used to protect domestic industries from foreign competition. In SAP, the customs duty rate is used in the SD-FT Foreign Trade component to calculate the amount of duty that must be paid when importing goods into a country. 
  
  How to use it: 
  In SAP, the customs duty rate is used in the SD-FT Foreign Trade component to calculate the amount of duty that must be paid when importing goods into a country. The rate can be set up in the system by entering the applicable rate for each country in the “Customs Duty Rate” field. This rate will then be used to calculate the amount of duty that must be paid when importing goods into that country. 
  
  Tips & Tricks: 
  It is important to ensure that the correct customs duty rate is entered for each country in order to ensure accurate calculations. Additionally, it is important to keep in mind that customs duty rates can change over time and should be updated accordingly. 
  
  Related Information: 
  For more information on customs duty rates, please refer to the SAP Help Portal or contact your local SAP representative.