What is exit confirmation method in SAP SRD-SCM-FTM - SCM-Foreign Trade Management?

SAP Term: exit confirmation method

• Component: SRD-SCM-FTM

• Component Name: SCM-Foreign Trade Management

• Description: The method used to give the exit confirmation. The exit confirmation can, for example, be received electronically or in paper form.

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• Key Concepts: 
  Exit Confirmation Method is a feature of SAP Foreign Trade Management (FTM) that allows users to confirm the exit of goods from a country. This confirmation is required for customs clearance and is used to ensure that goods are not exported without the necessary documentation. The Exit Confirmation Method also helps to ensure that goods are not exported without the necessary taxes and duties being paid. 
  
  How to use it: 
  The Exit Confirmation Method can be used in SAP FTM by creating an exit confirmation document. This document contains information about the goods being exported, such as the quantity, value, and destination country. Once the document is created, it can be sent to the relevant customs authority for approval. Once approved, the goods can be exported. 
  
  Tips & Tricks: 
  When creating an exit confirmation document, it is important to ensure that all of the information is accurate and up-to-date. This will help to ensure that the document is approved quickly and without any issues. Additionally, it is important to keep track of all documents related to the export process, such as invoices and shipping documents, as these may be required for customs clearance. 
  
  Related Information: 
  The Exit Confirmation Method is just one of many features available in SAP FTM. Other features include import/export management, customs clearance, and trade compliance management. Additionally, SAP FTM can be integrated with other SAP modules such as Materials Management (MM) and Sales & Distribution (SD).