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Export Trading Company Affairs (ETCA)

The Export Trade Certificate of Review Program - The Competitive Edge for U.S. Exporters

[Federal Register: August 30, 2007 (Volume 72, Number 168)]

[Notices]

[Page 50099-50100]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr30au07-22]

 

 

DEPARTMENT OF COMMERCE

 

International Trade Administration

 

Export Trade Certificate of Review

 

ACTION: Notice of revocation of Export Trade Certificate of Review

Application No. 01-00004.

 

 

SUMMARY: The Secretary of Commerce issued an Export Trade Certificate

of Review to International Trading Group, LLC on September 26, 2001.

Because

 

[[Page 50100]]

 

this Certificate Holder has failed to file an annual report as required

by law, the Secretary is revoking the certificate. This notice

summarizes the notification letter sent to International Trading Group,

LLC.

 

FOR FURTHER INFORMATION CONTACT: Jeffrey Anspacher, Director, Export

Trading Company Affairs, International Trade Administration, 202/482-

5131. This is not a Toll-free number.

 

SUPPLEMENTARY INFORMATION: Title III of the Export Trading Company Act

of 1982 (``The Act'') (Pub. L. 97-290, 15 U.S.C. 4011-21) Authorizes

the Secretary of Commerce to Issue Export Trade Certificates of Review.

The Regulations Implementing Title III (``the Regulations'') are found

at 15 CFR Part 325 (1999). Pursuant to this Authority, a Certificate of

Review was issued on September 26, 2001 to International Trading Group,

LLC.

A Certificate Holder is required by law to submit to the Secretary

of Commerce Annual Reports that update financial and other information

relating to business activities covered by its Certificate (Section 308

of the Act, 15 U.S.C. 4018, Section 325.14(a) of the Regulations, 15

CFR 325.14(a)). The Annual Report is due within 45 days after the

Anniversary Date of the Issuance of the Certificate of Review (Sections

325.14(b) of the Regulations, 15 CFR 325.14(b)). Failure to submit a

complete Annual Report may be the Basis for Revocation (Sections

325.10(a) and 325.14(c) of the Regulations, 15 CFR 325.10(a)(3) and

325.14(c)). On September 16, 2006, the Secretary of Commerce sent to

International Trading Group, LLC a letter containing Annual Report

questions stating that its annual report was due on November 10, 2006.

A reminder was sent on June 22, 2007, with a due date of July 23, 2007.

The Secretary has received no written response from International

Trading Group, LLC to any of these letters. On July 27, 2007, and in

accordance with Section 325.10(c)(1) of the Regulations, (15 CFR

325.10(c)(1)), the Secretary of Commerce sent a letter by Certified

Mail to notify International Trading Group, LLC that the Secretary was

formally initiating the process to revoke its Certificate for failure

to file an annual report. The Secretary has received no response from

International Trading Group, LLC. Pursuant to Section 325.10(c)(2) of

the Regulations (15 CFR 325.10(c)(2)), the Secretary considers the

failure of International Trading Group, LLC to respond to be an

admission of the statements contained in the notification letter. The

Secretary has determined to revoke the Certificate issued to

International Trading Group, LLC for its failure to file an annual

report. The Secretary has sent a letter, dated August 27, 2007 to

notify the International Trading Group, LLC of its final determination.

The Revocation is effective thirty (30) days from the date of

publication of this notice (325.10(c)(4) of the Regulations, 15 CFR

325.10(c)). Any person aggrieved by this decision may appeal to an

appropriate U.S. District Court within 30 days from the date of

publication of this notice in the Federal Register ``(15 CFR 325.11 of

the Regulations).''

 

Dated: August 24, 2007.

Jeffrey Anspacher,

Director, Export Trading Company Affairs.

[FR Doc. E7-17185 Filed 8-29-07; 8:45 am]

 

BILLING CODE 3510-DR-P