TTB Amends Regs on Excise Tax Refunds for Imported Wine
The Alcohol and Tobacco Tax and Trade Bureau is amending its regulations to conform to a nearly two-decade old law that allows for refunds of excise tax when tax-paid imported wine is returned to bonded wine premises (here). The agency’s…
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final rule also amends TTB regulations to allow refunds on tax-paid wine returned to bonding that is not unmerchantable. The new regulations take effect Oct. 15.