What is 'general duty rate' in SAP SD-FT - Foreign Trade?

general duty rate - Overview

• Component: SD-FT

• Component Name: Foreign Trade

• Description: A general tariff rate levied for imports from most favored nations. Most countries are in this category.

general duty rate - Details

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  Key Concepts: 
  General duty rate is a term used in SAP Foreign Trade (SD-FT) to refer to the rate of duty that is applied to goods imported into a country. This rate is determined by the government and is used to calculate the amount of duty that must be paid on imported goods. 
  
  How to use it: 
  In SAP Foreign Trade, the general duty rate is used to calculate the amount of duty that must be paid on imported goods. This rate can be set up in the system and will be used when calculating the amount of duty that must be paid. 
  
  Tips & Tricks: 
  It is important to ensure that the general duty rate is up-to-date in order to ensure accurate calculations. It is also important to ensure that any changes in the rate are reflected in the system in order to ensure accurate calculations. 
  
  Related Information: 
  The general duty rate is just one of many terms used in SAP Foreign Trade (SD-FT). Other terms include customs clearance, export control, and import control. Understanding these terms and how they are used in SAP Foreign Trade can help ensure accurate calculations and efficient operations.