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ISO 8601 timestamp conversion

Question asked by Vasudeva Ramachandra on Mar 4, 2015
I have a field of type Datetime that isnt getting converted properly.  I am pushing a value of 

2015-03-30T23:00:00Z through the REST API using bulk imports. The field is showing a value of Mar 30, 2015 9 PM pacific. Shouldnt it be displaying Mar 30, 2015  4 PM instead ? Can somebody tell me why I am seeing this discrepancy ? My profile setting has Pacific timezone, btw.