What is type of bonded area in SAP SLL - Global Trade Services?

SAP Term: type of bonded area

• Component: SLL

• Component Name: Global Trade Services

• Description: Classification of zones in order to distinguish between different customs zones. &EXAMPLE& Bonded zone Plant regulation Bonded factory

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• Key Concepts: 
  A type of bonded area is a designated area in which goods can be stored without paying taxes or duties. This type of area is typically used for the storage of goods that are imported into a country and are awaiting customs clearance. In SAP Global Trade Services (GTS), this type of bonded area is referred to as a “Special Economic Zone” (SEZ). 
  
  How to use it: 
  In SAP GTS, users can create and manage SEZs in the system. This includes setting up the SEZs, assigning them to specific countries, and defining the rules and regulations associated with them. Once an SEZ has been created, users can then assign it to specific shipments or orders. This allows users to track shipments that are stored in the SEZ and manage their customs clearance process. 
  
  Tips & Tricks: 
  When creating an SEZ in SAP GTS, it is important to ensure that all of the necessary information is entered correctly. This includes the name of the SEZ, its location, and any applicable rules or regulations. Additionally, it is important to ensure that the SEZ is assigned to the correct country in order for it to be properly tracked in the system. 
  
  Related Information: 
  For more information on SAP GTS and how to create and manage SEZs, please refer to the SAP Help Portal or contact your local SAP representative.