27 C.F.R. § 19.763 Record of average effective tax rates.
Title 27 - Alcohol, Tobacco Products and Firearms
(a) For each distilled spirits product to be tax determined in accordance with §19.37, the proprietor shall prepare a daily summary record showing the— (1) Serial number of the batch record of each batch of the product which will be bottled or packaged, in whole or in part, for domestic consumption; (2) Proof gallons in each such batch derived from distilled spirits, eligible wine, and eligible flavors; and (3) Tax liabilities of each such batch determined as follows: (i) Proof gallons of all distilled spirits (exclusive of distilled spirits derived from eligible flavors), multiplied by the tax rate prescribed in 26 U.S.C. 5001; (ii) Wine gallons of each eligible wine, multiplied by the tax rate which would be imposed on the wine under 26 U.S.C. 5041(b)(1), (2), or (3) but for its removal to bonded premises; and (iii) Proof gallons of all distilled spirits derived from eligible flavors to the extent that such distilled spirits exceed 2 (b) At the end of each month during which the product is manufactured, the proprietor shall determine the— (1) Total proof gallons and total tax liabilities for each summary record prescribed by paragraph (a) of this section; (2) Add the sums from paragraph (b)(1) of this section to the like sums determined for each of the preceding five months; and (3) Divide the total tax liabilities by the total proof gallons. (Sec. 807, Pub. L. 96–39, 93 Stat. 284 (26 U.S.C. 5207))
Title 27: Alcohol, Tobacco and Firearms
PART 19—DISTILLED SPIRITS PLANTS
Subpart W—Records and Reports
Tax Records
§ 19.763 Record of average effective tax rates.
