§ 28.71 - Termination of bonds, Forms 5100.30 and 5110.67.

§ 28.71 Termination of bonds, Forms 2735 ( 5100.30 ), 2737 (and 5110.67), and 2738 (5110.68).

(a) General. Continuing bonds, Forms

2735 (

5100.30

)

and

2737 (

5110.67

)

, covering distilled spirits and/or wines withdrawn from time to time without payment of tax under this part

and Form 2738 (5110.68) covering allowance of claims for drawback on distilled spirits and/or wines removed as authorized in §§ 28.171 and 28.211

, may be terminated as to liability for future withdrawals

or claims (a) pursuant

under the following circumstances:

(1) Pursuant to application of surety as provided in § 28.72

,

;

(

b

2)

on

On approval of a superseding bond

,

as provided in § 28.67; or

(

c

3)

on

On written notification to the appropriate TTB officer by the principal of

his

the discontinuance of withdrawals

or claims, as the case may be, under the bond.

under the bond (including discontinuance of withdrawals under the bond because the proprietor has become exempt from bond requirements under § 28.51(b)).

(b) Cancellation. When no further withdrawals are to be made under a bond on Form

2735 (

5100.30

)

or

2737 (

5110.67

), or no further claims for drawback are to be filed under bond Form 2738 (5110.68

under the circumstances specified in paragraph (a), the bond

shall

will be canceled by the appropriate TTB officer in the manner and subject to the conditions provided in § 28.70.

(Sec. 201, Pub. L. 85-85985–859, 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-62TTB–146, 44 82 FR 71722, Dec. 11, 1979; T.D. ATF-198, 50 FR 8559, Mar. 1, 1985; T.D. TTB-8, 69 FR 3832, Jan. 27, 20041136, Jan. 4, 2017]