How do I calculate a sufficient bond for a medium AFP?
As stated in § 19.700, to find the required amount of a bond for a medium AFP, estimate the total proof gallons of spirits to be produced and received in a calendar year. The amount of the bond is $1,000 for each 10,000 proof gallons (or fraction), subject to a minimum of $2,000 and a maximum of $50,000. The following table provides some examples:
| More than |
But not over |
Amount of Bond |
|
10,000 |
20,000 |
$ 2,000 |
|
20,000 |
30,000 |
3,000 |
|
90,000 |
100,000 |
10,000 |
|
190,000 |
200,000 |
20,000 |
|
490,000 |
500,000 |
50,000 |
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Page last reviewed: September 12, 2018
Page last updated: September 13, 2018
Maintained by: Regulations and Rulings Division