CUSTOMS DUTY RATE title: customs duty rate (SD-FT) (SAP Library - Glossary)
CUSTOMS DUTY RATE category: Foreign Trade (SD-FT)
CUSTOMS DUTY RATE explained:
A percentage of the total value of goods that are imported into a customs territory that is levied as a customs tariff.
There are three duty rates for imported goods:
General rate: used for assessing duties on imports from most countries Special duty rate: rates reduced as a result of trade agreements between friendly countries or free trade agreements, such as NAFTA or INTRASTAT agreements (in some cases, no duty is levied) Statutory duty rate: apply to unfriendly countries and are are generally much higher than general duty ratesMore terms such as customs duty rate in Dictionary C.
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