What are the differences between export sales and deemed export sales, explain with all related configuration steps?
Answers were Sorted based on User's Feedback
Answer / saplight
I dont know the configuration Part but i can tell you about Deemed Export.
Deemed Export(DE) is possible only for the buyers who have a Deemed Export Licence. In this way the seller gets an exemption from paying on Basic Excise Duty.
The documents must be accompanied with an ARE3 doc.
The cusomer has to send back the signed copy of the ARE3 doc to the seller within the rewarehousing period which in India 1s 90 days.
Rewarehousing is defined as the time between the removal of goods from the plant of the seller and the receipt of the countersigned doc from the buyer.
Any failure on this account makes the seller pay the excise duty.
Exports are accompanied by ARE1 document.
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / nag
Exports means selling the goods to customers who are located out side the country
In exports process we've 3 types
1.bound
2.Lou
3.no bound
while creating bound and lou we've to select the bond master.
If you select the bond master system will not generate the accounting document.
In domestic process while creating excise invoice system will generate the accounting document
Accounting entry is
cenvat suspence a/c dr
to
rg23 bed
rg23 ecs
rg23 secs.
in No bound while creating excise invoice system will generate the accounting document
then we have to make the exciese duties to excise department
. we can claim it back after 6 months
In exports process system will generate the ARE3 document
Deemed exports means selling the goods to customers who are located in india, and who will do 100% exports
in this process system will generate the ARE1 document.
Is This Answer Correct ? | 1 Yes | 1 No |
What are the different activities under consignment stock in sap sd?
What is Static & Dynamic Credit Check? In credit Check where do you customize Static & Dynamic Check?
Please advise the basic technical difference between quotation and sales order?
What is the relevance of tab 'Weight/ Volume Relevant' during Credit Memo Request and Debit Memo Request as it is being checked in both process at item level? As I know, it is relevant for re-determination of route at delivery level.
What is the procedure to know whether the customer is one-time or regular?
Do you have an idea of what a material ledger is all about? Give detailed explanation for material ledger and issues related to it.I have an interview in immediate future so plzz help me...Please reply asap... Urgent!!!! Waiting for your response eagerly... Thanks in advance
We want to explode bill of material automatically at time of order entry and explode an equipment bom in the sales order. What are the setting required?
Explain about your role in current/previous project? (If you have one)
what is accounting group?
Default distribution channel we have only one distribution channel in our company. Can we default it in the transaction field that needs distribution channel data? How can we configure that?
suppose the customer creates purchase order directly, where u have to store the purchase order?
At the time of VT01n how systems brings list of deliveries. Based on what settings it will triggered