What is preference certificate in SAP SLL - Global Trade Services?

SAP Term: preference certificate

• Component: SLL

• Component Name: Global Trade Services

• Description: Combines certificates of origin and movement certificates which result in preference eligibility.

Smart SAP Assistant

• Key Concepts: 
  A preference certificate is a document used in international trade to prove that goods qualify for preferential treatment under a free trade agreement. It is issued by the exporting country and is required for goods to be eligible for reduced or zero tariffs when imported into the importing country. The SLL Global Trade Services component of SAP provides a platform for companies to manage their preference certificates. 
  
  How to use it: 
  The SLL Global Trade Services component of SAP allows companies to create, store, and manage their preference certificates. Companies can also use the component to track the status of their certificates and ensure that they are up-to-date. Additionally, the component can be used to generate reports on the status of certificates and any changes that have been made. 
  
  Tips & Tricks: 
  It is important to keep track of the expiration dates of preference certificates and ensure that they are renewed before they expire. Additionally, companies should make sure that all information on the certificates is accurate and up-to-date in order to avoid any delays or issues when importing goods. 
  
  Related Information: 
  The SLL Global Trade Services component of SAP also provides tools for companies to manage their import and export documents, such as invoices, packing lists, and bills of lading. Additionally, it provides tools for companies to manage their customs declarations and ensure compliance with local regulations.