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

SAP Term: preference eligibility

• Component: SLL

• Component Name: Global Trade Services

• Description: A statement that a good is legally entitled to preferential tariff treatment when it is imported. Eligibility for preference normally depends on the preferential origin of a good, proof of which has to be provided.

Smart SAP Assistant

• Key Concepts: 
  Preference eligibility is a feature of SAP SLL Global Trade Services that allows companies to determine if their goods qualify for preferential treatment under a free trade agreement. This feature helps companies to identify and take advantage of any potential savings that may be available through preferential tariffs. 
  
  How to use it: 
  To use the preference eligibility feature, companies must first enter the relevant information about their goods into the system. This includes the country of origin, the Harmonized System (HS) code, and any other relevant information. Once this information is entered, the system will then calculate whether or not the goods qualify for preferential treatment. 
  
  Tips & Tricks: 
  It is important to ensure that all of the information entered into the system is accurate and up-to-date. This will help to ensure that the system is able to accurately calculate whether or not the goods qualify for preferential treatment. Additionally, it is important to keep track of any changes in free trade agreements as this could affect the preference eligibility of goods. 
  
  Related Information: 
  The preference eligibility feature of SAP SLL Global Trade Services is closely related to other features such as tariff classification and duty calculation. Companies should be aware of how these features interact with each other in order to maximize their savings through preferential tariffs. Additionally, companies should also be aware of any changes in free trade agreements as this could affect their preference eligibility.