What is material relevant for preference in SAP SD-FT - Foreign Trade?

SAP Term: material relevant for preference

• Component: SD-FT

• Component Name: Foreign Trade

• Description: A material authorized to receive preferential duty treatment. An example is a reduction or exemption of duties on imported goods.

Smart SAP Assistant

• Key Concepts: 
  Material relevant for preference is a feature of SAP's Foreign Trade (SD-FT) module that allows users to identify materials that are eligible for preferential treatment in international trade. This feature helps users to determine the correct duty rate for a given material, as well as to identify any additional documents or certificates that may be required for the material to be eligible for preferential treatment. 
  
  How to use it: 
  In order to use the material relevant for preference feature, users must first enter the relevant material data into the system. This includes information such as the material's origin, destination, and type of trade. Once this data has been entered, users can then use the feature to determine whether or not the material is eligible for preferential treatment. 
  
  Tips & Tricks: 
  When entering material data into the system, it is important to ensure that all of the information is accurate and up-to-date. This will help to ensure that the correct duty rate is applied and that any additional documents or certificates required are identified. Additionally, it is important to keep in mind that preferential treatment may vary depending on the country of origin and destination. 
  
  Related Information: 
  For more information on SAP's Foreign Trade (SD-FT) module and its features, please refer to SAP's official documentation. Additionally, there are a number of online resources available that provide detailed information on international trade regulations and preferential treatment.