[Code of Federal Regulations]

[Title 27, Volume 1]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 27CFR28]



[Page 791]

 

            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Distilled spirits and wines withdrawn for transfer to a manufacturing 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]