What is import code in SAP SD-FT - Foreign Trade?

SAP Term: import code

• Component: SD-FT

• Component Name: Foreign Trade

• Description: A code from the Harmonized Commodity Description and Coding System that provides a standard method of identifying materials for import. Import code numbers typically contain more digits and describe goods more precisely than commodity codes.

Smart SAP Assistant

• Key Concepts: 
  Import code is a unique identifier used in SAP Foreign Trade to classify goods and services for customs and statistical purposes. It is used to determine the applicable taxes, duties, and other regulations for imported goods. The import code is also used to determine the origin of the goods and services. 
  
  How to use it: 
  In SAP Foreign Trade, the import code is used to classify goods and services for customs and statistical purposes. The import code is entered in the “Import Code” field when creating a new material or service in SAP. The import code can also be entered in the “Customs” tab of the material master data. 
  
  Tips & Tricks: 
  When entering an import code, make sure to double-check that it is correct. Incorrectly entered codes can lead to incorrect taxes, duties, and other regulations being applied to imported goods. 
  
  Related Information: 
  The import code is part of the Harmonized System (HS) classification system, which is an international system for classifying goods and services for customs and statistical purposes. The HS system is managed by the World Customs Organization (WCO).