Bond and Rebate

[Former Member]

Hi,

when ever stock is moving to export here theris a bond and rebate process applicable in bond 180 days validity and when rebate 365days validity. how to configer this in sap and when period over Ex. in bond 180day over there is any pop box will come

[Former Member]

HI

Exports normally happen Under BOND/LOUT/No Bond.

These have to be created in SAP Bond or LOUT as per the business process and should be referenced in ARE1 and also we have to select the Excise Invocie type while creatin the excise invoice in J1IIN under the utilization tab.

Normally the validity of Bond or LOUt will be for 1 year

After that we need to get the Proof of Export within 180 days.

Under Bond or LOUT there will not be any excise duties but they have to be in pricing procedure as statistical conditions. No need to pay any excise duties under bond/LOUt.

Whereas in Under rebate the goods are removed after paying the excise duties and which can be claimed from DGFT under various schemes like EPCG, DEPB etc

regards

Prashanth

Edited by: Prashanth@SD on Apr 8, 2011 7:20 PM

[satishkumar_ijju]

Be specific,please elaborate the scenario.