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

SAP Term: customs tariff

• Component: SD-FT

• Component Name: Foreign Trade

• Description: The tax duty imposed on imported and exported goods. Tariffs are imposed to protect domestic industries from foreign competition.

Smart SAP Assistant

• Key Concepts: 
  Customs Tariff is a component of SAP Foreign Trade (SD-FT) that helps companies manage their international trade activities. It provides a comprehensive database of customs tariffs and related information, such as duty rates, taxes, and other regulations. It also helps companies to comply with international trade regulations and to optimize their global supply chain. 
  
  How to use it: 
  Customs Tariff can be used to manage the import and export of goods, as well as to calculate the applicable duties and taxes. It can also be used to identify potential risks associated with international trade activities, such as non-compliance with regulations or incorrect classification of goods. 
  
  Tips & Tricks: 
  When using Customs Tariff, it is important to ensure that the data is up-to-date and accurate. This can be done by regularly checking for updates from the relevant authorities or by using third-party services. Additionally, it is important to ensure that the correct classification codes are used when entering data into the system. 
  
  Related Information: 
  Customs Tariff is closely related to other components of SAP Foreign Trade, such as Export Control and Sanctions Compliance (SD-FT-EC) and Export/Import Management (SD-FT-IM). Additionally, it is important to note that Customs Tariff is subject to change due to changes in international trade regulations. Therefore, it is important to stay up-to-date with any changes in order to ensure compliance.