What is vendor declaration in SAP SD-FT - Foreign Trade?

SAP Term: vendor declaration

• Component: SD-FT

• Component Name: Foreign Trade

• Description: Verification of the originating status of a product. A vendor uses a vendor declaration to confirm that a product meets all the conditions in a preference agreement regarding the acquisition of originating status.

Smart SAP Assistant

• Key Concepts: 
  Vendor declaration is a document that is used in foreign trade to declare the origin of goods and services. It is a statement from the vendor or supplier that certifies the origin of the goods or services. This document is used to determine the applicable customs duties and taxes for the goods or services being imported. 
  
  How to use it: 
  In SAP, vendor declarations are used in the Foreign Trade module (SD-FT). The vendor declaration is created in the system and then sent to the vendor for signature. Once signed, it is returned to the system and stored in the system for future reference. 
  
  Tips & Tricks: 
  When creating a vendor declaration, make sure to include all relevant information such as product description, quantity, origin, etc. This will ensure that all applicable customs duties and taxes are correctly calculated. 
  
  Related Information: 
  For more information on vendor declarations in SAP, please refer to the SAP Help documentation.