What is electronic processing trade in SAP SLL - Global Trade Services?

SAP Term: electronic processing trade

• Component: SLL

• Component Name: Global Trade Services

• Description: A variation of the processing trade customs procedure. Electronic processing trade is structured as follows: Business scope account Used to record all allowed goods and to submit applications for said goods in accordance with legal requirements. The finished products and components are merged and registered as per their four-digit HS codes. Electronic manual e-manual A set of records of the business scope account used to declare the finished products and components according to their four-digit HS codes. The relationship between finished products and components is defined and registered using a bill of products. The customs import and export declarations that use the Processing Trade customs procedure must specify the number of the e-manual that applies to the legal entity. Each legal entity uses exactly one electronic manual. Electronic manuals do not expire. Settlement Periodic list of all customs declarations that made use of an e-manual during a specific period of time. A set

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• Key Concepts:
  SAP Global Trade Services (GTS) is a comprehensive solution for managing global trade processes. It provides a single platform for managing all aspects of international trade, including customs compliance, export control, and trade finance. The Electronic Processing Trade (EPT) component of GTS enables companies to electronically process their import and export documents, such as invoices, packing lists, and certificates of origin.
  
  How to use it:
  The EPT component of GTS allows companies to electronically process their import and export documents. This includes creating and submitting documents such as invoices, packing lists, and certificates of origin. The documents can be submitted to customs authorities or other government agencies for approval. The EPT component also provides tools for tracking the status of documents and managing the entire document lifecycle.
  
  Tips & Tricks:
  When using the EPT component of GTS, it is important to ensure that all documents are accurate and up-to-date. This will help to ensure that the documents are accepted by customs authorities or other government agencies. Additionally, it is important to keep track of the status of each document in order to ensure that all documents are processed in a timely manner.
  
  Related Information:
  The EPT component of GTS is part of the larger SAP Global Trade Services solution. Other components include Export Control, Customs Compliance, and Trade Finance. Additionally, GTS integrates with other SAP solutions such as SAP ERP and SAP Ariba.