Code of Federal Regulations · Section
§ 28.73 — Relief Of Surety From Bond
27 C.F.R. § 28.73
(a) Bonds, Forms 5120.25 and 5100.12. The surety on a bond given on Form 5120.25 or Form 5100.12 will be relieved from his liability under the bond when the bond has been canceled as provided for in § 28.70.
(b) Bonds, Forms 5100.30 and 5110.67. Where the surety on a bond given on Form 5100.30 or Form 5110.67 has filed application for relief from liability, as provided in § 28.72, the surety will be relieved from liability for withdrawals 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 Notwithstanding such relief, the liability of the surety will continue until the spirits and/or wines withdrawn without payment of tax under the bond have been properly accounted for.
Authorizing Statute
-
Imposition, rate, and attachment of tax26 U.S.C. § 5001
-
Unlawful businesses without permit; application to State agency27 U.S.C. § 203
-
Authority and functions of Director44 U.S.C. § 3504
-
Refund and drawback in case of exportation26 U.S.C. § 5062