30. Where the Minister, by reason of the application of a fiscal law, makes a refund on which interest is payable or where, in accordance with section 31, he allocates the amount of such a refund to a payment that the person to whom the refund is owing must make under a fiscal law, that amount bears interest at the rate fixed under section 28.
Where the refund is owing to a corporation or allocated to another liability, the rate fixed under section 28 is reduced by two percentage points.
That interest, pursuant to any Act referred to in the second paragraph of section 95, is computed, notwithstanding section 1052 of the Taxation Act (chapter I-3), for the period ending on the day the amount is refunded and commencing,
(a) in the case of an application for a refund, on the thirty-first day after the application;
(b) in the case of a refund, without an application, established through a notice of assessment, on the date of the notice; and
(c) in the case of a repayment of duties paid following a notice of assessment, the day on which the duties were paid.
However, no interest is payable if the amount thereof is less than $1.
1972, c. 22, s. 30; 1981, c. 12, s. 22; 1981, c. 24, s. 17; 1982, c. 38, s. 24; 1989, c. 5, s. 251; 1991, c. 8, s. 106.