What is free zone in SAP SD-FT - Foreign Trade?

SAP Term: free zone

• Component: SD-FT

• Component Name: Foreign Trade

• Description: A fictitious free trade zone in a customs territory that has been designated as a "duty free zone." Such areas are fenced in or separated from the rest of the customs territory. &EXAMPLE& Duty free zone at an international airport

Smart SAP Assistant

• Key Concepts: 
  A free zone is an area within a country that is designated as a free trade zone. It is a designated area where goods can be imported, stored, processed, and re-exported without the imposition of customs duties or other taxes. In SAP, the SD-FT Foreign Trade component allows users to manage free zones and their associated activities. 
  
  How to use it: 
  In SAP, users can manage free zones by setting up the relevant master data in the SD-FT Foreign Trade component. This includes setting up the free zone itself, as well as any associated activities such as storage, processing, and re-export. Once the master data is set up, users can then use the SD-FT Foreign Trade component to manage the activities associated with the free zone. 
  
  Tips & Tricks: 
  When setting up a free zone in SAP, it is important to ensure that all relevant master data is entered correctly. This includes setting up the free zone itself, as well as any associated activities such as storage, processing, and re-export. Additionally, it is important to ensure that all relevant documents are uploaded into SAP in order to ensure that all activities related to the free zone are tracked correctly. 
  
  Related Information: 
  For more information on how to set up and manage free zones in SAP, please refer to the official SAP documentation on SD-FT Foreign Trade. Additionally, there are many online resources available which provide detailed instructions on how to set up and manage free zones in SAP.