are 1

[Former Member]

hi,

in spro -make setting for are1 procedure- i've given interset as 3% for series group/o/p type.

but in J1IA101 -UPDATE - utilization tab -interest 0.0 is coming

in qty tab i'ts showing difference qty also

Pl suggest why interest is not geting picked

[Former Member · Accepted solution]

hI

that interest rate will be applicable when you have not received the proof of export and and you have to pay Excise Duty. while doing reversal of are-1

regards

[Former Member · Accepted solution]

hi,

i create are1 posted & while reversing also in utilization tab interset not coming

but in spro setting in interest field i've given 2% (here if i press f4 i'm getting from & to as 0.00

Pl suggest any other setting i need to do for this

[Former Member · Accepted solution]

Hi

For interest you have to enter it manually while reversing the ARE-1. and you have check the box change values

In utilization tab you have to select the following

RG23A

RG23C

PLA and maintain the duties here and there will not be any interest field.

regards