Creditors for imports

Outstandings against Imports:

Check and ensure that the submission of tax invoice, original bill of entry and other custom clearances to the designated bank branch after importing the spares from US compnay as it was A1 Payment. Complaince of above is must if A1 payment is exceeded  the maximum limit prescribed by RBI.

If all statutory compliance is duly fulfilled, then u can writeback the outstandings in your books of accounts as per your compnay policies. 

 

What is the limit prescribed by RBI for compulsory submission of documents. In this case since the payment has not been made against imports, it is obvious that documents would not have been submitted to the bankers/AD.Under the circumstances what is the best course of action before write back of import creditors?

There is not clarity in your both queries. In first case U stated that  A Indian company imports spares from a company in US. In second quiry u are stating that payment not against imports.

what exactly is ur doubt?