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Change in Bond (Consent of Surety)


thebottle

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I (we) are about 98% done with our 1st DSP application, just one more stumbling block...I think.

We are going to fall under the new bond requirements:

"ELIMINATION OF BOND REQUIREMENTS FOR SMALL BEVERAGE MANUFACTURERS

As of January 1, 2017, if you are the proprietor of a brewery, distilled spirits plant, or winery owing not more than $50,000 in excise taxes in the previous year, and you expect to owe not more than $50,000 in excise taxes in the current year on beer, distilled spirits, or wine, you may no longer be required to hold a bond.  Please see our Bond and Filing Changes Home Page for more details."

However, in the application I see that this TTB Form 5000.18 Change in Bond (Consent of Surety) form keeps populating as a required form. Do I still need to fill this out? Why do I need to fill this out? And if anyone has been in a similar situation how did it go for you, how long did it take?

Thanks in advance, cheers.

 

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