§19.152. Types of bonds.
27 C.F.R. § 19.152
Basic Bonds. There are two basic types of bonds: the operations bond, and the withdrawal bond.
Operations bond. An operations bond covers the tax liability for a variety of operations at a distilled spirits plant, along with any penalties incurred and fines imposed for violation of the law and regulations relating to activities covered by the bond.
Withdrawal bond. A withdrawal bond covers the tax liability for tax determined distilled spirits withdrawn from the bonded premises on a tax deferred basis.
Other bonds. In addition to the basic operations and withdrawal bonds, several variations of these bonds are available:
An adjacent wine cellar bond covers operations at a distilled spirits plant and an adjacent bonded wine cellar;
An area bond covers operations at two or more distilled spirits plant and any adjacent bonded wine cellars; and
A unit bond covers both operations and withdrawals at one or more distilled spirits plants and operations at any adjacent bonded wine cellars.
Notes, amendments, and revision history
Authority
Authority: 19 U.S.C. 81c, 1311; 26 U.S.C. 5001, 5002, 5004-5006, 5008, 5010, 5041, 5061, 5062, 5066, 5081, 5101, 5111-5114, 5121-5124, 5142, 5143, 5146, 5148, 5171-5173, 5175, 5176, 5178-5181, 5201-5204, 5206, 5207, 5211-5215, 5221-5223, 5231, 5232, 5235, 5236, 5241-5243, 5271, 5273, 5301, 5311-5313, 5362, 5370, 5373, 5501-5505, 5551-5555, 5559, 5561, 5562, 5601, 5612, 5682, 6001, 6065, 6109, 6302, 6311, 6676, 6806, 7011, 7510, 7805; 31 U.S.C. 9301, 9303, 9304, 9306.
Source
Source: T.D. TTB-92, 76 FR 9090, Feb. 16, 2011, unless otherwise noted.