Cash payment to shroff

rajdip ranpara (proprietor) (140 Points)

13 January 2015  
My client is having gold bullion business, he wants to deposit cash of rs.20,00,000/- in bank but to avoid bank charges he gave cash to shroff firm in return of receipt of cheque of his name from shroff firm and paid nominal charges to shroff firm which are lower than bank charges.whether cash paid shroff firm is allowed.?????