Business One - XML or Excel File interface

Hi Folks ,
Here i have some basic questions which i need to clarify from the expertise like you
1. Is Business One can able to Produce/Consume XML file for the Master data upload ? If so where can i find the schema for XML file ?
2. I hope that Business One can use Excel file to upload the Master data - if so where can find the template/schema ?
3. Can we use Scheduling mechanism to Upload XML file for master data upload to Business System ?
Any inputs are really appreciated .
Thanks.,
V.Rangarajan

Hi Folks ,
Thanks to Rupinder and Gagan , But as per your reply
1. You can import the data into master data through xml and excel sheet with the help of DTW.
           Is that XML and Excel ( or ) we can use either XML or Excel ? Please clarify .
          i.   I would like to go for only XML is there any template available ?
         ii . Not only master data , i want to create Objects like PO / SO/Invoice etc ..,, . All can be achieved through DTW ?
Please clarify
Thanks.,
V.Rangarajan

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