| # Types of Exports Exports are classified into following two types: Actual exports Deemed exports Actual Exports Actual Exports are customs' procedures executed, when the goods are sent to a different country. These transactions are carried out in foreign currency. Actual exports are classified into the following categories. Exports without payment of duty Infor ERP LN executes the exports process without the payment of duty and along with the linked ARE1 and CT1 forms. The normal excise procedure must be followed until the excise invoice is printed. To execute the exports process, you must also complete the following steps: In the Sales Order Header Export Details (tdsls9139m00l) session, set the Export Category field to Export Without Duty. In the Bond Master (tccom9141m00l) session, create a bond and link it to the CT1 (exempt certificate) maintained in the Exemption Certificate(CT1/CT2) (tccom9143m00l) session. Generate an ARE1 form in the ARE (whyin0107m00l) session with the CT1 certificate, and link it to a shipment line. You must set the ARE Status to Post. Infor ERP LN debits the bond amount from the duty amount to be paid. In the Shipping Bill Header (whyin0105m00l) session, select the Let Export check box . Confirm the shipment line and set the ARE Status to Close. The bond is credited with the same duty amount. Create a Journal Voucher in the ARE (whyin0107m00l) session, when there is a shortage of quantity to be exported, to process the duty amount. Exports under claim of rebate You must pay the excise duty for the value of goods, if the goods are used for domestic purpose and not for export . The duty amount can be claimed for the goods that are exported at a later date. You must also link the CTI and the ARE 1 forms and complete the following additional steps: In the Sales Order Header Export Details (tdsls9139m00l) session, set the Export Category field to Export Under Rebate. In the ARE (whyin0107m00l) session, set the Status to Cancel and create a Journal voucher to pay the duty amount. Set the status of ARE Status to Close and claim the rebate amount. Infor ERP LN selects the Rebate Sanctioned check box in the ARE (whyin0107m00l) session. Deemed Exports The goods that are transferred from DTA (Domestic Tariff Area) to a SEZ (special economic zone) are considered as exports and are referred to as Deemed Exports. The transactions are executed either in Indian or foreign currency. The Deemed exports are further classified into the following categories: Deemed Exports You must execute the normal export procedure and complete the following additional steps: In the Sales Order Header Export Details (tdsls9139m00l) session, set the Export Category field to Deemed Export,. In the Exemption Certificate(CT1/CT2) (tccom9143m00l) session, select CT2 and link it to ARE3 form in the ARE (whyin0107m00l) session. Export Warehousing Export Warehousing process is also executed similar to Deemed exports. However, the documents linked are CT3 and ARE3. Complete the following additional steps: In the Sales Order Header Export Details (tdsls9139m00l) session, set the Export Category field to Export Warehousing. In the Exemption Certificate(CT3) (tccom9142m00l) session, select CT3 and link it to ARE3 form in the ARE (whyin0107m00l) session. |