§17.102. Amount of bond.
27 C.F.R. § 17.102
The bond shall be a continuing one, in an amount sufficient to cover the total drawback to be claimed on spirits used during any quarter. However, the amount of any bond shall not exceed $200,000 nor be less than $1,000.
Notes, amendments, and revision history
Authority
Authority: 26 U.S.C. 5010, 5111-5114, 5123, 5206, 5273, 6065, 6091, 6109, 7213, 7652, 7805; 31 U.S.C. 9301, 9303, 9304, 9306.
Source
Source: T.D. ATF-379, 61 FR 31412, June 20, 1996, unless otherwise noted.