IBase component does not exist at the time specified

What causes this issue?

An installed base component always has a temporal validity (from - to).
The installed base component does not exist for the time you entered.
Furthermore, you can only maintain an installed base component for times
in the present. You can only display installed base components for times
in the past.
Therefore, it is necessary for processing that the installed base
component is valid for the present time.

System Response

The system will not continue processing.

How to fix this error?

Only process valid installed base components.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.