What is inward processing in SAP SLL - Global Trade Services?

SAP Term: inward processing

• Component: SLL

• Component Name: Global Trade Services

• Description: Customs procedure that enables the import of non-community goods into the European Union customs area, to leave the European Union customs area again in the form of compensating products after processing. Inward processing is defined as a suspensive arrangement and as a customs procedure with economic impact.

Smart SAP Assistant

• Key Concepts: 
  Inward processing is a customs procedure that allows goods to be imported into the European Union (EU) without paying import duties or taxes. It is used when goods are imported for further processing and then re-exported. The SLL Global Trade Services component of SAP provides the tools to manage inward processing transactions. 
  
  How to use it: 
  Inward processing is initiated by creating an inward processing authorization (IPA) in SAP. This authorization is used to track the goods and their movements throughout the process. The IPA also contains information about the duties and taxes that will be due when the goods are re-exported. Once the IPA is created, the goods can be imported into the EU and processed. When the processing is complete, the goods can be re-exported and the duties and taxes paid. 
  
  Tips & Tricks: 
  When creating an IPA, it is important to ensure that all of the necessary information is included. This includes details about the goods being imported, their origin, and their intended destination. It is also important to ensure that all of the necessary documents are included with the IPA, such as invoices, packing lists, and certificates of origin. 
  
  Related Information: 
  The SLL Global Trade Services component of SAP also provides tools for managing outward processing transactions. Outward processing allows goods to be exported from the EU for further processing and then re-imported without paying duties or taxes. For more information about outward processing, please refer to SAP's documentation on Global Trade Services.