27 C.F.R. § 20.203

Current through September 30, 2024
Section 20.203 - Losses on premises
(a)Recording of losses. A permittee shall determine and record, in the records prescribed by subpart P of this part, the quantity of specially denatured spirits or recovered alcohol lost on premises:
(1) When an inventory is taken,
(2) At the time a container is emptied, or
(3) Immediately upon the discovery of any loss due to casualty, theft or other unusual causes.
(b)Claims. A claim for allowance of specially denatured spirits will be filed as prescribed in §20.205, in the following circumstances:
(1) If the quantity lost during the annual accounting period (§20.263(c)) exceeds one percent of the quantity to be accounted for during that period, and is more than 50 gallons; or,
(2) If the loss was due to theft or unlawful use or removal, the permittee shall file a claim for allowance of losses regardless of the quantity involved.

27 C.F.R. § 20.203

81 FR 59456, 10/31/2016

Approved by the Office of Management and Budget under control number 1513-0062