Hi Chaitanya,
In Standard Filter the Filter is applied during the execution and is non changeable after the Query Execution..
Company Code Filter with value IN01..:-Only data for Co Code IN01 is displayed
In Default Value Filter...the filter will be applied and the query will show as per the Filter...and after the Query is shown we can remove the FILTER...this is the main Difference.
Company Code Filter with value IN01..:-Only data for Co Code IN01 is displayed but after execution we can remove this Filter and it will show all the values.
regards
SVU