(1) The Minister may remit, in whole or in part, any excise tax where he or she is satisfied that it is just and equitable to do so or give effect to the terms of any agreement or arrangement binding the Government.
(2) Where any tax remitted under subsection (1) has already been paid, the tax must be refunded by the Comptroller.
(3) Despite subsection (2), where an amount is payable to a person under this section, the comptroller may apply it against any outstanding tax, penalty or interest payable by the person under this Act.