What is INTRASTAT report in SAP SRD-SCM-WME - SCM-Warehousing and Manufacturing Execution?

SAP Term: INTRASTAT report

• Component: SRD-SCM-WME

• Component Name: SCM-Warehousing and Manufacturing Execution

• Description: Intra-European Union trade statistics report. A statistical evaluation of the trading of goods between member states of the European Union. A business must submit details on inbound and outbound trade if it exceeds EUR 300,000 each in the current and previous year.

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• Key Concepts: 
  INTRASTAT is a statistical reporting system used by the European Union (EU) to track the movement of goods between member states. It is a mandatory reporting requirement for companies that trade goods with other EU countries. The INTRASTAT report is used to collect data on the value, quantity, and type of goods that are imported and exported between EU countries. 
  
  How to use it: 
  The INTRASTAT report is generated in SAP using the SRD-SCM-WME SCM-Warehousing and Manufacturing Execution component. This component allows users to enter data on the value, quantity, and type of goods that are imported and exported between EU countries. The data is then used to generate an INTRASTAT report which can be submitted to the relevant authorities. 
  
  Tips & Tricks: 
  It is important to ensure that all data entered into the INTRASTAT report is accurate and up-to-date. This will help to ensure that the report is accepted by the relevant authorities. Additionally, it is important to ensure that all deadlines for submitting the report are met in order to avoid any penalties or fines. 
  
  Related Information: 
  For more information on INTRASTAT reports, please refer to the European Commission’s website: https://ec.europa.eu/taxation_customs/business/vat/intrastat_en