What is customs warehouse in SAP SLL - Global Trade Services?

SAP Term: customs warehouse

• Component: SLL

• Component Name: Global Trade Services

• Description: A building or other secured area in which dutiable goods can be stored, manipulated, or undergo manufacturing operations without payment of duty. A customs warehouse is a location that is authorized by customs authorities for storing goods that are either in transit or awaiting payment of customs duties. It is primarily available to defer payment of import duties for the period of time that the goods are in storage. Customs warehousing also free goods from trade policies, such as the presentation of import licenses, until they are cleared for free circulation or re-export. Customs warehouses allow the customs authorities to control the movement of dutiable goods and to safeguard customs revenue. Plants or storage locations are organizational units in an ERP system that can be designated customs warehouses.

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• Key Concepts: 
  A customs warehouse is a facility used to store goods that are subject to customs control. It is a type of bonded warehouse, meaning that the goods stored in it are not subject to import duties or taxes until they are removed from the warehouse. The SLL Global Trade Services component of SAP provides a comprehensive set of tools for managing customs warehouses, including the ability to track inventory, manage documents, and process payments.
  
  How to Use It: 
  The SLL Global Trade Services component of SAP provides a comprehensive set of tools for managing customs warehouses. These tools include the ability to track inventory, manage documents, and process payments. The system also allows users to create and manage customs declarations, as well as generate reports on warehouse activity. Additionally, users can use the system to monitor the status of shipments and ensure compliance with customs regulations.
  
  Tips & Tricks: 
  When using the SLL Global Trade Services component of SAP to manage customs warehouses, it is important to ensure that all documents are properly filed and updated regularly. Additionally, users should be aware of any changes in customs regulations that may affect their operations. Finally, it is important to keep accurate records of all transactions and activities related to the warehouse.
  
  Related Information: 
  For more information on managing customs warehouses with SAP, please refer to the official SAP documentation on SLL Global Trade Services. Additionally, there are many online resources available that provide tips and advice on how to effectively use this component of SAP.