What is Customs Arrangements in SAP SRD-SCM-FTM - SCM-Foreign Trade Management?

SAP Term: Customs Arrangements

• Component: SRD-SCM-FTM

• Component Name: SCM-Foreign Trade Management

• Description: A work center view in which you can create, view, change, and delete customs arrangements for authorized commodities at authorized locations and customs offices.

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• Key Concepts: 
  Customs Arrangements are a feature of SAP Foreign Trade Management (FTM) that allows companies to manage their customs processes more efficiently. It enables companies to define and manage the different types of customs arrangements that they use, such as tariff codes, duty rates, and other related information. This helps companies to ensure that their customs processes are compliant with local regulations and that they are able to take advantage of any available trade agreements.
  
  How to Use It: 
  Customs Arrangements can be used in SAP FTM by creating a new arrangement in the system. This can be done by entering the relevant information, such as the tariff code, duty rate, and other related information. Once the arrangement is created, it can be used for all future transactions. Additionally, companies can also use the Customs Arrangements feature to view and manage existing arrangements.
  
  Tips & Tricks: 
  When creating a new Customs Arrangement in SAP FTM, it is important to ensure that all of the relevant information is entered correctly. This will help to ensure that the arrangement is compliant with local regulations and that it takes advantage of any available trade agreements. Additionally, it is important to regularly review existing arrangements to ensure that they are up-to-date with any changes in regulations or trade agreements.
  
  Related Information: 
  For more information on Customs Arrangements in SAP FTM, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_FTM/latest/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e4d1a.html