I (Meaning and importance of Exports) Unit Structure

7) Method of Realization 
– 
For the purpose of receiving payments against exports, 
countries have been divided into two groups i.e. a) Asian clearing 
union 
– It includes Bangladesh, Burma, Pakistan, Iran and SriLanka 
and make a payment in Indian Rupees or any permitted currency b) 
External Group 
– In includes rest all countries and make payment 
in any permitted currency. 
8) Processing of G R Form 
– 
When the negotiating bank has received payment from 
abroad, it will record it on the duplicate copy of GR and forward it to 
RBI. The original copy of GR was already sent to RBI by the 
customs when goods were shipped. Now RBI will tally the 
information‟s in the original and duplicate copy of GR. When they 

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are found to be alright, the transaction is treated closed because 
the required foreign exchange payment has already been received. 
12.9 ISO 9000 CERTIFICATION 
12.9.1 MEANING 
 
International organization for standardization (ISO) is an 
international body representing more than 120 countries including 
India, Bureau of Indian standards (BIS) is the Indian representative 
to ISO. The objective of ISO is to facilitate the development of 
international standards in order to reduce the “barriers” effect of 
different national standards on international trade of goods and 
services. ISO is a non-governmental organization. ISO prepares 
and publishes a large number of new and revised international 
standards annually. Meaning of ISO 9000. 
Quality standard recognized at the global level is called ISO 
9000. 
ISO 9000 provides common standards of products and 
services worldwide. ISO 9000 is essentially a mark of quality 
assurance. It is adopted by more than 120 countries. The 
developed nations prefer to import from the exporters who have 
obtained ISO 9000 certification for their products. Indian companies 
with ISO 9000 certification do maintain good quality standards and 
in their case quality inspection from EIC is not required.
ISO 9000 is a series of five international standards an quality 
management. The series consists of ISO 9000, ISO 9001, ISO 
9002, ISO 9003 and ISO 9004. These are as follows.