What is restitution rate in SAP SD-FT - Foreign Trade?

SAP Term: restitution rate

• Component: SD-FT

• Component Name: Foreign Trade

• Description: The amount set in advance by the European Commission, paid to the exporter for export of Common Agricultural Policy CAP-relevant goods into a non-EC country. The restitution rate depends on the price level in the Single European Market and the world market. To comply with the special market situation in individual exporting countries, restitution can be set differently for the same goods.

Smart SAP Assistant

• Key Concepts: 
  Restitution rate is a term used in SAP Foreign Trade (SD-FT) to refer to the rate of exchange used to calculate the value of goods imported into a country. This rate is determined by the customs authorities of the importing country and is used to calculate the value of goods for customs duty and other taxes. 
  
  How to use it: 
  In SAP Foreign Trade, the restitution rate is used to calculate the value of imported goods for customs duty and other taxes. The rate is determined by the customs authorities of the importing country and can be entered into SAP Foreign Trade manually or automatically. 
  
  Tips & Tricks: 
  It is important to ensure that the correct restitution rate is entered into SAP Foreign Trade in order to accurately calculate the value of imported goods for customs duty and other taxes. It is also important to ensure that any changes in the restitution rate are updated in SAP Foreign Trade in a timely manner. 
  
  Related Information: 
  The restitution rate is related to other terms used in SAP Foreign Trade such as customs duty, import tax, and export tax. It is also related to other terms used in international trade such as exchange rate, tariff, and quota.