Hi Nagendra
you can not use AND/OR operator ..
try some thing like this ->( I have never used but give a try)
ID=*IF(0CO_AREA=*STR() THEN IF(ID(1:2)=*STR(AB) THEN ID;SKIP);SKIP)
I am not sure whether it is possible to what you are trying to achieve but try using below logic to skip if you know that 0CO_AREA=CC need to skip & ID starting with XY need to skip..
ID=*IF(0CO_AREA=*STR(CC) then SKIP;ID(1:2)=*STR(XY) then SKIP;ID)
JAck