What is customs procedure with economic impact in SAP SLL - Global Trade Services?

SAP Term: customs procedure with economic impact

• Component: SLL

• Component Name: Global Trade Services

• Description: The following customs procedures require an authorisation and in some situations an evaluation of their economic impact European Community Customs Code Art. 84 1 b CC: Customs warehousing Inward processing Processing under customs control Temporary importation Outward processing.

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• Key Concepts: 
  Customs Procedure with Economic Impact (CPEI) is a feature of SAP’s SLL Global Trade Services (GTS) component. It enables companies to manage their customs processes and ensure compliance with international trade regulations. CPEI helps companies to accurately calculate duties and taxes, as well as to manage the import and export of goods. 
  
  How to use it: 
  CPEI can be used to manage the entire customs process, from the initial declaration of goods to the final payment of duties and taxes. It also provides tools for tracking shipments, managing documents, and monitoring compliance with international trade regulations. Additionally, CPEI can be used to generate reports on customs activities and to analyze the impact of changes in trade regulations on a company’s operations. 
  
  Tips & Tricks: 
  When using CPEI, it is important to ensure that all data is accurate and up-to-date. This includes information about the goods being imported or exported, as well as any applicable duties or taxes. Additionally, it is important to keep track of any changes in international trade regulations that may affect a company’s operations. 
  
  Related Information: 
  SAP GTS also includes features such as Risk Management, Compliance Management, and Document Management. These features can be used in conjunction with CPEI to ensure compliance with international trade regulations and optimize a company’s customs processes. Additionally, SAP GTS provides access to a global network of customs brokers and other service providers who can assist with the import and export of goods.