What is 'place into a customs status' in SAP SD-FT - Foreign Trade?

place into a customs status - Overview

• Component: SD-FT

• Component Name: Foreign Trade

• Description: An action taken during the import or export into or out of a customs territory. Goods are placed into a customs status according to relevant laws in the corresponding countries. This includes transferring goods into a duty free zone, re-exportation, and destruction of goods.

place into a customs status - Details

• 
  Key Concepts: 
  Place into a customs status is a process in SAP Foreign Trade (SD-FT) that allows goods to be placed into a customs status, such as export, import, or transit. This process is used to ensure that goods are properly declared and accounted for when crossing international borders. 
  
  How to use it: 
  In SAP Foreign Trade, the place into a customs status process is initiated by entering the relevant customs status in the “Customs Status” field of the goods movement document. Once the document is saved, the system will automatically update the relevant customs status for the goods. 
  
  Tips & Tricks: 
  When placing goods into a customs status, it is important to ensure that all relevant information is entered correctly. This includes the correct country of origin and destination, as well as any applicable taxes or duties. 
  
  Related Information: 
  For more information on placing goods into a customs status in SAP Foreign Trade, please refer to the SAP Help documentation.