[Code of Federal Regulations]
[Title 27, Volume 1]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR24.158]

[Page 623-624]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE 
                                TREASURY
 
PART 24_WINE--Table of Contents
 
                 Subpart D_Establishment and Operations
 
Sec.  24.158  Extent of relief.

    (a) General. The surety on any bond required by this part who has 
filed a notice for relief from liability as provided in Sec.  24.157 
will be relieved from liability under bond as set forth in this section.
    (b) Wine bond. Where a new or superseding bond is filed, the surety 
of the existing bond will be relieved of future liability with respect 
to wine, spirits, volatile fruit-flavor concentrate, or any other 
commodities subject to tax under 26 U.S.C. chapter 51 on hand or in 
transit to bonded wine premises on or after the effective date of the 
new or superseding bond. Notwithstanding such relief, the surety will 
remain liable for the tax on all wine or volatile fruit-flavor 
concentrate produced at, and for wine, spirits, and volatile fruit-
flavor concentrate consigned to, the bonded wine premises, and for all 
other liabilities incurred, during the term of the bond. Where a new or 
superseding bond is not filed the surety will, in addition to the 
continuing liabilities specified above, remain liable for all wine, 
spirits, volatile fruit-flavor concentrate, or other commodities subject 
to tax under 26 U.S.C. chapter 51 on hand or in transit to bonded wine 
premises on the date specified in the notice, until all the wine, 
spirits, volatile fruit-flavor concentrate, or commodities subject to 
tax under 26 U.S.C. chapter 51 have been lawfully disposed of, or a new 
bond has been filed covering the liability.
    (c) Tax deferral bond. The surety will be relieved of liability for 
the tax on any wine removed from the bonded wine premises after the date 
specified in the notice. The surety will continue to be liable for the 
tax on wine removed for consumption or sale on or before the date 
specified in the notice, until all tax is fully paid.
    (d) Wine vinegar plant bond. The surety will be relieved of 
liability for tax on wine withdrawn for the manufacture of vinegar after 
the date specified in the notice. The surety will continue to be liable 
for the tax on wine withdrawn on or before the date specified in the 
notice, until all wine is fully accounted for. (Sec. 201, Pub. L. 85-
859, 72

[[Page 624]]

Stat. 1379, as amended, 1380, as amended (26 U.S.C. 5354, 5362))

(Approved by the Office of Management and Budget under control number 
1512-0058)