Title 27 published on 2015-04-01
The following are
ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 27 CFR Part 24 after this date.
2015-09-15; vol. 80 # 178 - Tuesday, September 15, 2015
80 FR 55246 - Return of Wine to Bonded Premises
GPO FDSys XML | Text
DEPARTMENT OF THE TREASURY, Alcohol and Tobacco Tax and Trade Bureau
Final rule; Treasury decision.
This rule is effective on October 15, 2015.
27 CFR Parts 24 and 70
The Alcohol and Tobacco Tax and Trade Bureau is revising the wine regulations governing the return of wine to bonded wine premises in response to two statutory changes. First, to incorporate a provision contained in the Taxpayer Relief Act of 1997, TTB is removing a regulatory requirement that wine returned to bond must be unmerchantable. Second, to incorporate a provision contained in the Internal Revenue Service Restructuring and Reform Act of 1998, TTB is revising the regulations to clarify that the refund or credit of excise tax applies to any wine removed from a bonded wine cellar and subsequently returned to bond. The current regulatory text states that a refund or credit of tax is available only for wine produced in the United States.