What is temporary admission in SAP SD-FT - Foreign Trade?

SAP Term: temporary admission

• Component: SD-FT

• Component Name: Foreign Trade

• Description: Commodities in this customs category include goods that are brought temporarily into a customs territory, used for a period, and reexported unchanged out of the territory.

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• Key Concepts: 
  Temporary admission is a customs procedure that allows goods to be imported into a country for a limited period of time without paying duties or taxes. This procedure is used when goods are imported for a specific purpose, such as for repair, exhibition, or testing. The goods must be re-exported within the specified time period.
  
  How to use it: 
  In SAP SD-FT Foreign Trade, temporary admission is used to manage the import and export of goods for a limited period of time. The user can define the conditions of the temporary admission in the system, such as the duration of the admission and the type of goods being imported. The system will then generate the necessary documents for the import and export of the goods.
  
  Tips & Tricks: 
  When using temporary admission in SAP SD-FT Foreign Trade, it is important to ensure that all necessary documents are generated and that all conditions are met. It is also important to keep track of the expiration date of the temporary admission to ensure that the goods are re-exported within the specified time period.
  
  Related Information: 
  For more information on temporary admission in SAP SD-FT Foreign Trade, please refer to SAP Help documentation or contact your local SAP support team.