Form Ttb F 5120.32 - Tax Deferral Bond - Wine (Puerto Rico)

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DEPARTMENT OF THE TREASURY - ALCOHOL AND TOBACCO TAX AND TRADE BUREAU

TAX DEFERRAL BOND - WINE

(Puerto Rico)

(File in duplicate. See instructions on Page 2.)

PRINCIPAL (See instructions 2, 3, and 4)

ADDRESS OF BUSINESS OFFICE (Number. street. city, State, ZIP Code)

SURETY (OR SURETIES)

AMOUNT OF BOND

EFFECTIVE DATE

KIND OF BOND (Check applicable box)

ORIGINAL

STRENGTHENING

SUPERSEDING

PREMISES FROM WHICH WITHDRAWALS ARE TO BE MADE

NO.

LOCATED AT

KNOW ALL MEN BY THESE PRESENTS, That we, the above-named principal and surety (or sureties), are held and firmly bound to the United States of America in

the above-named amount, lawful money of the United States, for the payment of which we bind ourselves, our heirs, executors, administrators, successors, and

assigns, jointly and severally, firmly by these presents.

This bond must not in any case be effective before the above-named date, but if accepted by the United States it must be effective according to its terms on and after

that date without notice to the obligors: Provided, that if no date is inserted in the space above provided there for, the date of execution hereof must be the

effective date.

WHEREAS, the principal is operating, under the laws and regulations of the Commonwealth of Puerto Rico, the premises specified above; and

WHEREAS, the principal intends to withdraw from the above specified premises wine of Puerto Rican manufacture for shipment to the United States; and

WHEREAS, under the provisions of 26 U.S.C. 7652(a)(1), there is imposed on all articles of Puerto Rican manufacture coming into the United States and

withdrawn for consumption or sale, a tax equal to the Internal Revenue tax imposed in the United States upon like articles of merchandise of domestic manufacture; and

WHEREAS, under the provisions of 26 U.S.C. 7652(a)(2), the tax imposed by 26 U.S.C. 7652(a)(1), may be paid before shipment from Puerto Rico; and

WHEREAS, under the provisions of the regulations in 27 CFR Part 26, the principal, as proprietor of the premises specified above, may give bond to secure the

deferred payment of taxes on wine of Puerto Rican manufacture withdrawn from insular bond for shipment to the United States; and

WHEREAS, pursuant to such regulations, the principal gives this bond, to secure the deferred payment, as provided therein, of the taxes imposed by 26 U.S.C. 7652

(a)(1), and equal to the tax imposed on wine of domestic manufacture by 26 U.S.C. 5041.

NOW, THEREFORE, the condition of this bond is such that if the principal must pay, or cause to be paid, to the United States, at the time and in the manner prescribed

in 27 CFR Part 26, the full amount of taxes with respect to wine (equal to the tax imposed by 26 U.S.C. 5041) which have been computed when the wine was

withdrawn from insular bond, then this obligation must be null and void; otherwise it must remain in full force and effect.

We, the obligors, for ourselves, our heirs, executors, administrators, successors, and assigns, do further covenant and agree that the total amount of this bond must be

available for satisfaction of any liability incurred under the terms and conditions of this bond, and that upon the breach of any of the covenants of this bond, the United

States may pursue its remedies against the principal or surety, independently, or against both jointly, and the said surety hereby waives any right or privilege it may

have of requiring, upon notice, or otherwise, that the United States must first commence action, intervene in any action of any nature whatsoever already commenced,

or otherwise exhaust its remedies against the principal.

WITNESS our hands and seals this ______________________________________day of _______________________________________________ , 20_________________

Signed, sealed, and delivered in the presence of - -

(SEAL)

____________________________________________________________________

(SEAL)

____________________________________________________________________

(SEAL)

____________________________________________________________________

(SEAL)

____________________________________________________________________

(SEAL)