What is customs tariff preference in SAP SLL - Global Trade Services?

SAP Term: customs tariff preference

• Component: SLL

• Component Name: Global Trade Services

• Description: Customs benefit made possible by unilateral, bilateral, or multilateral agreements. An importer can import his goods on the basis of such an agreement either duty-free or at a reduced rate.

Smart SAP Assistant

• Key Concepts: 
  Customs Tariff Preference is a feature of SAP's Global Trade Services (GTS) component that allows companies to manage their customs tariff preferences. This feature enables companies to identify and manage preferential tariffs, such as those granted under free trade agreements, and to determine the most advantageous tariff for their goods.
  
  How to use it: 
  Customs Tariff Preference can be used to identify and manage preferential tariffs, such as those granted under free trade agreements. It can also be used to determine the most advantageous tariff for goods. The feature allows companies to enter the relevant information about their goods, such as the country of origin, and then compare the different tariffs available for that product.
  
  Tips & Tricks: 
  When using Customs Tariff Preference, it is important to ensure that all relevant information about the goods is entered accurately. This will ensure that the most advantageous tariff is identified and applied correctly. Additionally, it is important to keep up-to-date with any changes in tariffs or free trade agreements that may affect the preferential tariffs available for a particular product.
  
  Related Information: 
  For more information on Customs Tariff Preference, please refer to SAP's Global Trade Services documentation. Additionally, you can find more information on free trade agreements and other preferential tariffs on the World Trade Organization website.