Adobe Premiere Elements 12 - Manual (Page 277)

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Note:
Note:
Microsoft AVI (.avi) - Windows only
Mp3® Audio (.mp3)
MPEG-4 (.mp4)
QuickTime (.mov)
Windows Waveform (.wav)
Audio Interchange File Format (.aiff)
Premiere Elements can import Dolby AC-3 audio in a stand-alone .ac3 file with .vob (DVD) or .mod (SD-based camcorder) files, but it
exports the audio from it as Dolby Digital Stereo only.
Use Mp3 or AAC for audio-only exports for podcasts.
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