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

SAP Term: customs exemption

• Component: SD-FT

• Component Name: Foreign Trade

• Description: A permission freeing goods of a customs duty to which others are subject.

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• Key Concepts: 
  Customs exemption is a feature of SAP Foreign Trade (SD-FT) that allows customers to avoid paying customs duties on goods imported into a country. This is done by providing proof of the goods’ origin and purpose, which can be done through a customs declaration or other documents. The exemption can be applied to both goods imported for commercial purposes and those imported for personal use. 
  
  How to Use It: 
  In order to use the customs exemption feature, customers must first register with the relevant customs authority in their country. Once registered, customers can then submit the necessary documents to prove the origin and purpose of the goods they are importing. The customs authority will then review the documents and decide whether or not to grant the exemption. 
  
  Tips & Tricks: 
  It is important to ensure that all documents submitted are accurate and up-to-date in order to avoid any delays or rejections from the customs authority. Additionally, customers should be aware of any changes in regulations or laws that may affect their ability to receive an exemption. 
  
  Related Information: 
  For more information on SAP Foreign Trade (SD-FT) and customs exemptions, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_ERP_SD_FT/6.0/en-US