19.152—Types of bonds.
(1) Operations bond.
An operations bond covers the tax liability for a variety of operations at a distilled spirits plant, along with any penalties incurred and fines imposed for violation of the law and regulations relating to activities covered by the bond.
(2) Withdrawal bond.
A withdrawal bond covers the tax liability for tax determined distilled spirits withdrawn from the bonded premises on a tax deferred basis.
(b) Other bonds.
In addition to the basic operations and withdrawal bonds, several variations of these bonds are available:
(1)
An adjacent wine cellar bond covers operations at a distilled spirits plant and an adjacent bonded wine cellar;
(2)
An area bond covers operations at two or more distilled spirits plant and any adjacent bonded wine cellars; and
(3)
A unit bond covers both operations and withdrawals at one or more distilled spirits plants and operations at any adjacent bonded wine cellars.