Marginal note:Corrective measures
127.1 (1) The Minister, or any officer designated by the President for the purposes of this section, may cancel a seizure made under section 110, cancel or reduce a penalty assessed under section 109.3 or an amount demanded under section 124 or refund an amount received under any of sections 117 to 119 within 90 days after the seizure, assessment or demand, if
(a) the Minister is satisfied that there was no contravention; or
(b) there was a contravention but the Minister considers that there was an error with respect to the amount assessed, collected, demanded or taken as security and that the amount should be reduced.
Marginal note:Interest
(2) If an amount is returned to a person under paragraph (1)(a), the person shall be given interest on that amount at the prescribed rate for the period beginning on the day after the amount was originally paid by that person and ending on the day it was returned.
- 2001, c. 25, s. 68
- 2005, c. 38, s. 81
- 2009, c. 10, s. 13(F)
- 2014, c. 20, s. 172
- Date modified: