What is duty rate in SAP SLL - Global Trade Services?

SAP Term: duty rate

• Component: SLL

• Component Name: Global Trade Services

• Description: A percentage of the total value of goods that are imported into a customs territory that is levied as a customs tariff. There are three duty rates for imported goods: General rate: used for assessing duties on imports from most countries Special duty rate: rates reduced as a result of trade agreements betweenfriendly countries or free trade agreements, such as NAFTA or INTRASTAT agreements in some cases, no duty is levied Statutory duty rate: apply to unfriendly countries and are are generallymuch higher than general duty rates

Smart SAP Assistant

• Key Concepts: 
  Duty rate is a percentage of the value of goods that is charged by a government for the import or export of goods. It is used to protect domestic industries and to generate revenue for the government. Duty rates vary from country to country and are based on the type of goods being imported or exported. In SAP Global Trade Services (GTS), duty rate is used to calculate the amount of duty that must be paid when importing or exporting goods.
  
  How to use it: 
  In SAP GTS, duty rate is used to calculate the amount of duty that must be paid when importing or exporting goods. The duty rate can be set up in the system by entering the applicable rate for each country and product combination. This rate can then be used to calculate the amount of duty that must be paid when importing or exporting goods.
  
  Tips & Tricks: 
  When setting up duty rates in SAP GTS, it is important to ensure that the correct rate is entered for each country and product combination. This will ensure that the correct amount of duty is calculated when importing or exporting goods.
  
  Related Information: 
  For more information on setting up duty rates in SAP GTS, please refer to the SAP Help documentation. Additionally, you can contact your local SAP representative for assistance with setting up and managing duty rates in SAP GTS.