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

SAP Term: customs warehouse

• Component: SD-FT

• Component Name: Foreign Trade

• Description: A building or other secured area in which dutiable goods can be stored, manipulated, or undergo manufacturing operations without payment of duty. A customs warehouse is a location that is authorized by customs authorities for storing goods that are either in transit or awaiting payment of customs duties. It is primarily available to defer payment of import duties for the period of time that the goods are in storage. Customs warehousing also free goods from trade policies, such as the presentation of import licenses, until they are cleared for free circulation or re-export. Customs warehouses allow the customs authorities to control the movement of dutiable goods and to safeguard customs revenue. Plants or storage locations are organizational units in an ERP system that can be designated customs warehouses.

Smart SAP Assistant

• Key Concepts: 
  A customs warehouse is a type of warehouse that is used to store goods that are subject to customs duty. It is a secure facility that is regulated by customs authorities and is used to store goods until the duty has been paid. The goods can then be released for sale or further processing. 
  
  How to use it: 
  In SAP, the SD-FT Foreign Trade component is used to manage the customs warehouse process. This includes setting up the warehouse, managing the inventory, and tracking the movement of goods in and out of the warehouse. The component also allows users to track the payment of duties and taxes, as well as any other related documents. 
  
  Tips & Tricks: 
  When setting up a customs warehouse in SAP, it is important to ensure that all relevant information is entered correctly. This includes the address of the warehouse, the type of goods stored, and any applicable taxes or duties. It is also important to ensure that all documents related to the warehouse are kept up-to-date. 
  
  Related Information: 
  For more information on customs warehouses and how to use them in SAP, please refer to the SAP Help Portal or contact your local SAP representative.