What is preference law in SAP SD-FT - Foreign Trade?

SAP Term: preference law

• Component: SD-FT

• Component Name: Foreign Trade

• Description: Legal regulations for the reduction of customs duties for importing or exporting goods.

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• Key Concepts: 
  Preference law is a feature of SAP Foreign Trade (SD-FT) that allows users to define and manage preferential trade agreements between countries. It enables users to determine the origin of goods and services, as well as the applicable preferential rates for each country. This helps to ensure that the correct preferential rates are applied when trading with other countries. 
  
  How to use it: 
  In SAP Foreign Trade, preference law is used to define and manage preferential trade agreements between countries. This includes setting up the origin of goods and services, as well as the applicable preferential rates for each country. The preference law feature also allows users to set up rules for determining the origin of goods and services, as well as the applicable preferential rates for each country. 
  
  Tips & Tricks: 
  When setting up preference law in SAP Foreign Trade, it is important to ensure that all relevant information is entered correctly. This includes the origin of goods and services, as well as the applicable preferential rates for each country. It is also important to ensure that all relevant documents are uploaded correctly in order to ensure that the correct preferential rates are applied when trading with other countries. 
  
  Related Information: 
  For more information on preference law in SAP Foreign Trade, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_FT/latest/en-US/f9f8d7a2b3e14c8a9f3d7c6b2e5f1b6a.html