What is party liable to duty in SAP SD-FT - Foreign Trade?

SAP Term: party liable to duty

• Component: SD-FT

• Component Name: Foreign Trade

• Description: A person responsible for paying or arranging payment for customs duties.

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• Key Concepts: 
  Party liable to duty is a term used in SAP Foreign Trade (SD-FT) to refer to the party responsible for paying the applicable customs duties and taxes. This party is usually the importer of goods, but can also be the exporter or a third party. 
  
  How to use it: 
  In SAP Foreign Trade, the party liable to duty is specified in the customs declaration. This information is used by customs authorities to determine who is responsible for paying the applicable duties and taxes. 
  
  Tips & Tricks: 
  When specifying the party liable to duty in SAP Foreign Trade, it is important to ensure that all relevant information is provided accurately and completely. This will help to avoid any delays or additional costs due to incorrect information. 
  
  Related Information: 
  For more information on SAP Foreign Trade, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed explanations of SAP Foreign Trade concepts and processes.