26 U.S.C. § 5364 — Wine imported in bulk
submitted 29 years ago by Pub. L. 105-34 to r/title-26-INTERNAL-REVENUE-CODE · 116 words · no verdicts yet
Natural wine imported in bulk may be moved from customs custody to a bonded wine cellar without paying the internal revenue tax, under regulations. The bonded cellar proprietor becomes liable when the wine is released, and the importer is relieved of that liability.
Natural wine (as defined in section 5381) imported or brought into the United States in bulk containers can, under such regulations as the Secretary* can prescribe, be withdrawn from customs custody and transferred in such bulk containers to the premises of a bonded wine cellar* without payment of the internal revenue tax imposed on such wine. The proprietor of a bonded wine cellar to which such wine is transferred must become liable for the tax on the wine withdrawn from customs custody under this section upon release of the wine from customs custody, and the importer, or the person bringing such wine into the United States, must thereupon be relieved of the liability for such tax.
Natural wine (as defined in section 5381) imported or brought into the United States in bulk containers may, under such regulations as the Secretary* may prescribe, be withdrawn from customs custody and transferred in such bulk containers to the premises of a bonded wine cellar* without payment of the internal revenue tax imposed on such wine. The proprietor of a bonded wine cellar to which such wine is transferred shall become liable for the tax on the wine withdrawn from customs custody under this section upon release of the wine from customs custody, and the importer, or the person bringing such wine into the United States, shall thereupon be relieved of the liability for such tax.
Source credit: (Added Pub. L. 105–34, title XIV, § 1422(a), Aug. 5, 1997, 111 Stat. 1050; amended Pub. L. 105–206, title VI, § 6014(b)(3), July 22, 1998, 112 Stat. 820.)
- 1997Enacted · Pub. L. 105-34 · 111 Stat. 1050
- 1998Amended · Pub. L. 105-206 · 112 Stat. 820
A history note hasn’t been published yet. The record shows enactment by Pub. L. 105-34 on 1997-08-05.
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