Refund in cash

Under IT Act provisions
Receiving or repayment of loan/advance in cash is not allowed if payment exceeds 20,000/-.
sections 269SS and 269T restricts to allowing payment/receipt in cash.
Please refer the above mentioned provisions....

In the present case transporter liable to pay balance amount in cheque/pay order/ECS and shouldn't be in cash mode.

As the amount is receipt of balance amount in cash; u/s. 269ST, a person is not allowed to receive cash  amount of rs. 2 lakhs or more per any event.

thank you