Definition of remits:
(v) :
(transitive) To transmit or send (e.g. money in payment); to supply.
(v) :
(transitive) To forgive, pardon (a wrong, offence, etc.).
(v) :
(transitive) To refrain from exacting or enforcing; to cancel.
(v) :
(transitive) To refer (something or someone) for deliberation, judgment, etc. (to a particular body or person).
(v) :
(transitive) To postpone.
(n) :
(chiefly British) Terms of reference; set of responsibilities; scope.