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If transit insurance premiums can be paid in cash

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(Querist)
05 July 2014 Dear Sirs,Pls guide me if insurance premiums for transit paid on behalf on our parties can be paid in cash or it is necessary to pay the same through cheque only.
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Ganeshbabu K

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Ganeshbabu K (Expert)
05 July 2014 can be paid in cash if total payment to the party is less than 20000
.
.
other wise pay by cheque

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