What is customs procedure with economic impact in SAP SD-FT - Foreign Trade?

SAP Term: customs procedure with economic impact

• Component: SD-FT

• Component Name: Foreign Trade

• Description: The following customs procedures require an authorisation and in some situations an evaluation of their economic impact European Community Customs Code Art. 84 1 b CC: Customs warehousing Inward processing Processing under customs control Temporary importation Outward processing.

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• Key Concepts: 
  Customs Procedure with Economic Impact (CPEI) is a feature of SAP SD-FT Foreign Trade module that allows companies to manage their customs procedures and related economic impacts. It enables companies to track and manage the costs associated with customs procedures, such as tariffs, taxes, and duties. It also provides a way to monitor the progress of shipments and ensure compliance with customs regulations. 
  
  How to use it: 
  To use CPEI, companies must first configure the system to their specific needs. This includes setting up the relevant customs procedures, tariffs, taxes, and duties. Once configured, companies can then use CPEI to track shipments and manage the associated costs. They can also use it to monitor compliance with customs regulations. 
  
  Tips & Tricks: 
  When configuring CPEI, it is important to ensure that all relevant information is entered accurately. This will help ensure that the system is able to accurately track shipments and manage costs associated with customs procedures. Additionally, it is important to regularly review the system to ensure that all information is up-to-date and accurate. 
  
  Related Information: 
  SAP SD-FT Foreign Trade module provides a comprehensive suite of tools for managing international trade operations. In addition to CPEI, it also includes features such as export/import control, export/import pricing, and export/import documentation management.