Section 62

The Director General may remit the whole or any part of the penalty payable or surcharge accrued under this Act where it is just and equitable to do so.

Where a person who has been granted remission under subsections (1) and (2) has paid any of the tax, surcharge or penalty to which the remission relates, he shall be entitled to a refund of the amount of tax, penalty or surcharge which had been remitted.

Remission of tax on goods lost, etc., under customs control