Time Discrepancy after Exporting from Report Wizard in CRM 2011

Hi,

We are facing an issue in 'Export to Excel' function in Report Wizard. We have created one simple report using OOB Report Wizard(not SSRS), which contains few DateTime fields like CreatedOn. The DateTime values showing in CRM & Report Viewer is with respect to logged-in user's timezone(UTC+8) as expected. But after exporting report to excel, it is showing the time with 8 Hrs delay(UTC). We are expecting these DateTime values to be same as in CRM even after exporting it to excel.

Is this a bug from CRM? Can anyone help to fix this issue, please?

Thanks,