[Code of Federal Regulations]
[Title 27, Volume 2]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR252.73]

[Page 22]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE 
                          TREASURY (CONTINUED)
 
PART 252--EXPORTATION OF LIQUORS--Table of Contents
 
                 Subpart D--Bonds and Consents of Surety
 
Sec. 252.73  Relief of surety from bond.

    (a) Bonds, Forms 2734 (5120.25) and 2736 (5100.12). The surety on a 
bond given on Form 2734 (5120.25) or Form 2736 (5100.12) shall be 
relieved from his liability under the bond when the bond has been 
canceled as provided for in Sec. 252.70.
    (b) Bonds, Forms 2735 (5100.30), 2737 (5110.67), and 2738 (5110.68). 
Where the surety on a bond given on Form 2735 (5100.30), Form 2737 
(5110.67), or on Form 2738 (5110.68) has filed application for relief 
from liability, as provided in Sec. 252.72, the surety shall be relieved 
from liability for withdrawals or claims, as the case may be, made 
wholly subsequent to the date specified in the notice, or on the 
effective date of a superseding bond, if one is given. Notwithstanding 
such relief, the liability of the surety shall continue until the 
spirits and/or wines withdrawn without payment of tax or included in a 
claim for drawback of tax allowed under the bond have been properly 
accounted for.

(Sec. 201, Pub. L. 85-859, 72 Stat. 1336, as amended, 1352, as amended, 
1353, as amended (26 U.S.C. 5062, 5175, 5176))

[25 FR 5734, June 23, 1960. Redesignated at 40 FR 16835, Apr. 15, 1975, 
and amended by T.D. ATF-62, 44 FR 71722, Dec. 11, 1979]