What is 'INTRASTAT customs rate' in SAP SD-FT - Foreign Trade?

INTRASTAT customs rate - Overview

• Component: SD-FT

• Component Name: Foreign Trade

• Description: A currency conversion rate used in the European statistical offices. This conversion rate must be used for declarations to customs authorities.

INTRASTAT customs rate - Details

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  Key Concepts: 
  INTRASTAT is a statistical system used by the European Union (EU) to collect information on the trade of goods between member states. The customs rate is the rate of duty or tax imposed on goods imported into or exported from the EU. 
  
  How to use it: 
  In SAP, the INTRASTAT customs rate is used to determine the amount of duty or tax that must be paid when goods are imported into or exported from the EU. This rate is set by the EU and can vary depending on the type of goods being traded. 
  
  Tips & Tricks: 
  When setting up an INTRASTAT customs rate in SAP, it is important to ensure that the correct rate is applied to each transaction. This will ensure that all taxes and duties are paid correctly and in a timely manner. 
  
  Related Information: 
  The INTRASTAT customs rate is part of the SD-FT Foreign Trade component in SAP. This component also includes other features such as export/import control, export/import pricing, and export/import documentation.