What is declaration of value in SAP SLL - Global Trade Services?

SAP Term: declaration of value

• Component: SLL

• Component Name: Global Trade Services

• Description: Presentation of value of goods to customs authorities. This value is used for calculating customs tariffs owed. The duty rates for tariffs are primarily customs value rates.

Smart SAP Assistant

• Key Concepts: 
  Declaration of Value is a feature of SAP's SLL Global Trade Services (GTS) that allows users to declare the value of goods being shipped. This value is used for customs clearance and other regulatory purposes. The declared value is also used to calculate taxes, duties, and other fees associated with the shipment.
  
  How to use it: 
  Declaration of Value can be accessed through the GTS module in SAP. To declare the value of goods, users must enter the item number, quantity, and unit price for each item being shipped. Once all items have been entered, the total value of the shipment can be calculated. This value can then be used for customs clearance and other regulatory purposes.
  
  Tips & Tricks: 
  When declaring the value of goods, it is important to ensure that all information is accurate and up-to-date. This will help to ensure that taxes, duties, and other fees are calculated correctly. Additionally, it is important to keep track of any changes in the declared value as this may affect the taxes and fees associated with the shipment.
  
  Related Information: 
  For more information on Declaration of Value in SAP GTS, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_GTS/10/en-US.