What is commodity classification in SAP SRD-SRM-GLO-INT - COM-Intrastat/FTA?

SAP Term: commodity classification

• Component: SRD-SRM-GLO-INT

• Component Name: COM-Intrastat/FTA

• Description: The process of classifying materials with a commodity code based on the current version of the commodity catalog for foreign trade and statistics purposes.

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• Key Concepts: 
  Commodity classification is a process used to classify goods and services for the purpose of international trade. It is used to determine the applicable customs duties, taxes, and other regulations that apply to the goods being traded. The classification is based on the Harmonized System (HS) of the World Customs Organization (WCO). 
  
  How to use it: 
  In SAP, commodity classification is used in the SRD-SRM-GLO-INT COM-Intrastat/FTA component. This component allows users to classify goods and services according to the Harmonized System. It also provides users with information about applicable customs duties, taxes, and other regulations. 
  
  Tips & Tricks: 
  When using the SRD-SRM-GLO-INT COM-Intrastat/FTA component, it is important to ensure that all goods and services are accurately classified according to the Harmonized System. This will help ensure that all applicable customs duties, taxes, and other regulations are correctly applied. 
  
  Related Information: 
  For more information about commodity classification in SAP, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SRM_INT_COM/7.0/en-US.