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What are the differences between export sales and deemed export sales, explain with all related configuration steps?
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Answer Posted / 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.
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