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

SAP Term: commodity code

• Component: SRD-SRM-GLO-INT

• Component Name: COM-Intrastat/FTA

• Description: The eight-digit code of the Commodity Classification for Foreign Trade Statistics commodity catalog that is used to classify materials.

Smart SAP Assistant

• Key Concepts: 
  Commodity codes are used to classify goods for international trade. They are used to identify the type of goods being shipped, and are used by customs authorities to determine the applicable duties and taxes. The codes are based on the Harmonized System (HS) of the World Customs Organization (WCO). 
  
  How to use it: 
  In SAP, commodity codes are used in the SRD-SRM-GLO-INT COM-Intrastat/FTA component. This component allows users to assign a commodity code to each item in an order, which is then used to calculate the applicable duties and taxes. The codes can also be used to generate reports on international trade activity. 
  
  Tips & Tricks: 
  When assigning commodity codes, it is important to ensure that they are accurate and up-to-date. This will help ensure that the correct duties and taxes are applied. It is also important to keep track of any changes in the HS codes, as these can affect the applicable duties and taxes. 
  
  Related Information: 
  For more information on commodity codes and the Harmonized System, please visit the World Customs Organization website at https://www.wcoomd.org/.