§ 20.203. Losses on premises.
176 words·~1 min read·
/us/cfr/t27/s§ 20.203·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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. (Approved by the Office of Management and Budget under control number 1513-0062) \[T.D. ATF-199, 50 FR 9162, Mar. 6, 1985, as amended by T.D. TTB-140, 81 FR 59456, Aug. 30, 2016\]