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

SAP Term: import license

• Component: SD-FT

• Component Name: Foreign Trade

• Description: An official certification to import foreign goods. A license is required to import some products, such as cheese. In some cases, no license is required, but official import authorization can be necessary, such as for some petroleum products.

Smart SAP Assistant

• Key Concepts: 
  An import license is a document issued by a government agency that allows a company to import goods into a country. In SAP, the Foreign Trade (SD-FT) component is used to manage the import and export of goods. The import license is used to track the goods that are imported and to ensure that all applicable taxes and duties are paid. 
  
  How to use it: 
  In SAP, the import license is entered into the system when creating an import order. The license number is entered into the system and the system will then check to make sure that the license is valid and that all applicable taxes and duties have been paid. Once the license has been verified, the goods can be imported into the country. 
  
  Tips & Tricks: 
  It is important to make sure that all import licenses are up-to-date and valid before attempting to import goods into a country. It is also important to make sure that all applicable taxes and duties have been paid before attempting to import goods. 
  
  Related Information: 
  For more information on how to use the Foreign Trade (SD-FT) component in SAP, please refer to the SAP Help documentation. Additionally, for more information on how to obtain an import license, please contact your local government agency.