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Difference betwenn Bond & LOU

Hi,

1 what is the diffrerence between 1. BOND & LOU

2 No bond & export under clain for rebate

2. when we create excise invoice (J1IIN)

for domestic in utilization -Excise invoice type is LOCAL

for EXPORTS in utilization -Excise invoice type is EXPORT Bond / No Bond / Deemed / LoU

how system differentiates between domestic & exports excise invoice

& on what criteria this local/ Bond / No Bond / Deemed / LoU comes automatically.

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