s 28 Surrender of fixed-price carbon credits
28.—(1) Subject to section 32, a registered person may surrender one or more fixed‑price carbon credits in the FPCC registry account for a taxable facility of the registered person, in payment of the tax payable by the registered person in relation to the taxable facility.[Act 37 of 2022 wef 01/01/2024] (2) The Agency must, in respect of every fixed‑price carbon credit surrendered under subsection (1), remove the fixed‑price carbon credit from the FPCC registry account, and the registered person is treated as having paid the tax in relation to the taxable facility, to the extent of the total carbon price of the fixed‑price carbon credits so surrendered and removed.[Act 37 of 2022 wef 01/01/2024]