[Code of Federal Regulations]
[Title 27, Volume 1]
[Revised as of April 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR28.64]

[Page 771]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE 
                                TREASURY
 
PART 28_EXPORTATION OF ALCOHOL--Table of Contents
 
                 Subpart D_Bonds and Consents of Surety
 
Sec. 28.64  Bond, Form 2737.

    (a) General. Where the proprietor of a manufacturing bonded 
warehouse desires to withdraw distilled spirits and wines from time to 
time without payment of tax, as authorized in Sec. 28.25, he shall 
file, as provided in Sec. 28.51, a continuing bond on Form 2737 
(5110.67). The bond shall be executed in a penal sum sufficient to cover 
the tax at the rates prescribed by law on the maximum quantity of 
distilled spirits and wines which may remain unaccounted for at any one 
time: Provided, That the maximum penal sum of such bond shall not exceed 
$200,000, but in no case shall the penal sum be less than $1,000. 
Distilled spirits and wines withdrawn for transfer to a manufacturing 
bonded warehouse shall remain unaccounted for until the evidence of 
deposit in such warehouse, as required by this part, has been filed. The 
proprietor shall, at the time of executing Form 2737 (5110.67), 
designate the premises from which the withdrawals are to be made, 
provided that, as to any one bond on Form 2737 (5110.67), such premises 
shall be located in the same internal revenue region.
    (b) Apportioning bonds. If the bond, Form 2737 (5110.67) is in less 
than the maximum penal sum, the principal shall apportion the bond, in 
accordance with the requirements on the bond form. The principal may 
reapportion the bond coverage, if changing conditions make this 
necessary, by filing a consent of surety, Form 1533, in accordance with 
its instructions.

(Sec. 201, Pub. L. 85-859, 72 Stat. 1352, as amended, 1380, as amended 
(26 U.S.C. 5175, 5362))

[25 FR 5734, June 23, 1960. Redesignated at 40 FR 16835, Apr. 15, 1975, 
and amended by T.D. ATF-62, 44 FR 71721, Dec. 11, 1979; T.D. TTB-8, 69 
FR 3832, Jan. 27, 2004]