Excise Tax Act

Marginal note:Assessment of rebate

• 297 (1) On receipt of an application made by a person for a rebate under section 215.1 or Division VI, the Minister shall, with all due dispatch, consider the application and assess the amount of the rebate, if any, payable to the person.

• Marginal note:Reassessment

  (2) The Minister may reassess or make an additional assessment of the amount of a rebate, notwithstanding any previous assessment of the amount of the rebate.

• Marginal note:Assessment of overpayment of rebate

  (2.1) The Minister may assess, reassess or make an additional assessment of an amount payable by a person under section 264, notwithstanding any previous assessment of the amount.

• Marginal note:Payment of rebate

  (3) Where, on assessment under this section, the Minister determines that a rebate is payable to a person, the Minister shall pay the rebate to the person.

• Marginal note:Interest on rebate

  (4) Where a rebate under section 215.1 or Division VI (other than section 253) is paid to a person under subsection (3), the Minister shall pay interest at the prescribed rate to the person on the rebate for the period beginning on the day that is

  • (a) in the case of a rebate under section 257, 258 or 259, twenty-one days, and

  • (b) in any other case, sixty days

  after the day the application in which the rebate is claimed is filed with the Minister and ending on the day the rebate is paid.

• Marginal note:Minimum interest

  (5) Interest of less than one dollar shall not be paid under subsection (4).