What is legal regulation in SAP SD-FT - Foreign Trade?

SAP Term: legal regulation

• Component: SD-FT

• Component Name: Foreign Trade

• Description: A specification of the laws that apply to the foreign trade activities of a particular country. Each legal regulation has its own types of export licenses. It is possible for various legal regulations to apply to one export transaction. For this reason, when performing legal control, the system determines one or more licenses from all the active regulations for every item in a document.

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• Key Concepts: 
  Legal regulation is a component of SAP's SD-FT Foreign Trade module. It is used to manage the legal requirements of international trade, such as customs regulations, export control laws, and other government regulations. It helps companies comply with the applicable laws and regulations in different countries. 
  
  How to use it: 
  The legal regulation component of SAP's SD-FT Foreign Trade module can be used to manage the legal requirements of international trade. It can be used to set up and maintain country-specific legal requirements, such as customs regulations, export control laws, and other government regulations. It also helps companies comply with the applicable laws and regulations in different countries. 
  
  Tips & Tricks: 
  When setting up the legal regulation component of SAP's SD-FT Foreign Trade module, it is important to ensure that all applicable laws and regulations are taken into account. Additionally, it is important to regularly review and update the legal requirements to ensure compliance with changing laws and regulations. 
  
  Related Information: 
  For more information on SAP's SD-FT Foreign Trade module and its legal regulation component, please visit the SAP website at https://www.sap.com/products/foreign-trade.html. Additionally, there are many online resources available that provide detailed information on international trade laws and regulations.