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

SAP Term: customs law

• Component: SD-FT

• Component Name: Foreign Trade

• Description: Rules and regulations of a customs territory.

Smart SAP Assistant

• Key Concepts: 
  Customs law is a set of regulations and laws that govern the import and export of goods across international borders. It is a branch of public international law that regulates the movement of goods between countries. In SAP, the SD-FT Foreign Trade component is used to manage customs law compliance. 
  
  How to use it: 
  The SD-FT Foreign Trade component in SAP allows users to manage customs law compliance by providing tools for creating and managing customs documents, such as import/export declarations, certificates of origin, and other documents required for international trade. It also provides tools for tracking and managing customs duties, taxes, and other fees associated with international trade. 
  
  Tips & Tricks: 
  When using the SD-FT Foreign Trade component in SAP, it is important to ensure that all documents are accurate and up-to-date. This will help to ensure compliance with customs laws and regulations. Additionally, it is important to stay informed about changes in customs laws and regulations in order to ensure continued compliance. 
  
  Related Information: 
  For more information on the SD-FT Foreign Trade component in SAP, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_ERP_SD_FT/6.0/en-US. Additionally, for more information on customs law, please refer to the World Customs Organization website at https://www.wcoomd.org/.