How do I calculate a sufficient bond for a large AFP?
As stated in § 19.700, to find the required amount of a bond for a large AFP, estimate the total proof gallons of spirits to be produced and received in a calendar year. The amount of the bond is $50,000 plus $2,000 for each 10,000 proof gallons (or fraction) over 500,000. The maximum bond is $200,000. The following table provides some examples.
| More than |
But not over |
Amount bond |
|
500,000 |
510,000 |
$ 52,000 |
|
510,000 |
520,000 |
54,000 |
|
740,000 |
750,000 |
100,000 |
|
990,000 |
1,000,000 |
150,000 |
|
1,240,000 |
200,000 |
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Page last reviewed: September 12, 2018
Page last updated: September 13, 2018
Maintained by: Regulations and Rulings Division