What is bonded goods in SAP SLL - Global Trade Services?

SAP Term: bonded goods

• Component: SLL

• Component Name: Global Trade Services

• Description: Goods under customs supervision. The importer stores the imported goods for which no customs duties were paid so far, for example, in a customs warehouse usually after he has deposited a type of security at the customs authorities. The security, for example in types of guarantees or bonds, ensures that the duty will be paid when and if the goods are withdrawn for domestic sale and transferred into customs procedures for free circulation.

Smart SAP Assistant

• Key Concepts: 
  Bonded goods are goods that are stored in a bonded warehouse and are not subject to import duties or taxes until they are removed from the warehouse. Bonded goods are typically imported goods that have not yet been cleared for sale in the country of import. The SLL Global Trade Services component of SAP provides a comprehensive solution for managing bonded goods, including tracking, reporting, and compliance. 
  
  How to use it: 
  The SLL Global Trade Services component of SAP allows users to manage bonded goods by tracking their movement, providing reports on their status, and ensuring compliance with applicable regulations. Users can also use the component to manage the import and export of bonded goods, as well as the storage and release of bonded goods from warehouses. 
  
  Tips & Tricks: 
  When managing bonded goods with the SLL Global Trade Services component of SAP, it is important to ensure that all applicable regulations are followed. Additionally, users should be aware of any restrictions or requirements that may apply to the import or export of bonded goods in their country. 
  
  Related Information: 
  For more information on managing bonded goods with SAP, please refer to the official SAP documentation on SLL Global Trade Services. Additionally, users may find it helpful to consult with a customs broker or other trade specialist for advice on managing bonded goods.