What is depositary in SAP SLL - Global Trade Services?

SAP Term: depositary

• Component: SLL

• Component Name: Global Trade Services

• Description: A person who is authorized by customs to keep goods in temporary storage following their import into the customs territory. The customs authorities may also be the warehouse keeper. The warehouse keeper may have to provide a guarantee to cover any customs debt that may arise. Goods that have arrived by sea may be held for up to 45 days from the date on which the summary declaration was lodged. Goods that have arrived by land may be held for up to 20 days from the date on which the summary declaration was lodged.

Smart SAP Assistant

• Key Concepts: 
  A depositary is a financial institution that holds securities on behalf of a customer. In the context of SAP SLL Global Trade Services, a depositary is used to manage the movement of goods and services across international borders. The depositary acts as an intermediary between the customer and the customs authorities, ensuring that all necessary documents are in order and that all applicable taxes and duties are paid. 
  
  How to use it: 
  The depositary is responsible for managing the movement of goods and services across international borders. This includes ensuring that all necessary documents are in order, such as customs declarations, invoices, and other paperwork. The depositary also ensures that all applicable taxes and duties are paid. The depositary can also provide advice on how to best manage the movement of goods and services across international borders. 
  
  Tips & Tricks: 
  When using a depositary, it is important to ensure that all necessary documents are in order and that all applicable taxes and duties are paid. It is also important to ensure that the depositary is familiar with the laws and regulations of the countries involved in the transaction. Additionally, it is important to ensure that the depositary has a good understanding of the customer’s business needs and objectives. 
  
  Related Information: 
  SAP SLL Global Trade Services provides a comprehensive suite of tools for managing international trade transactions. These tools include customs declarations, invoicing, payment processing, document management, and more. Additionally, SAP SLL Global Trade Services provides access to a network of experienced professionals who can provide advice on how to best manage international trade transactions.