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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: May 3, 2006 (Volume 71, Number 85)]

[Notices]

[Page 26049]

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

[DOCID:fr03my06-47]

 

 

DEPARTMENT OF COMMERCE

 

International Trade Administration

 

Export Trade Certificate of Review

 

ACTION: Notice of revocation of Export Trade Certificate of Review

Application No. 00-00001.

 

 

SUMMARY: The Secretary of Commerce issued an Export Trade Certificate

of Review to North America Export Trading, LLC., on June 8, 2000.

Because 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 North America Export

Trading, 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 June 8, 2000 to North America Export Trading, 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 May 28, 2005, the Secretary of Commerce sent to North

America Export Trading, LLC., a letter containing Annual Report

questions stating that its annual report was due on July 23, 2005. A

reminder was sent on November 8, 2005 with a due date of December 23,

2005. The Secretary has received no written response from North America

Export Trading, LLC., to any of these letters. On March 17, 2006, 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 North America Export Trading, LLC., that the Secretary

was formally initiating the process to revoke its Certificate for

failure to file an annual report. The Secretary received notification

that the letter was received by North America Export Trading, LLC., on

March 23, 2006. Pursuant to section 325.10(c)(2) of the Regulations (15

CFR 325.10(c)(2)), the Secretary considers the failure of North America

Export Trading, 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 North America Export Trading, LLC.,

for its failure to file an annual report. The Secretary has sent a

letter, dated April 28, 2006 to notify the North America Export

Trading, 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 ``(325.11 of the

Regulations, 15 CFR 325.11).''

 

Dated: April 28, 2006.

Jeffrey Anspacher,

Director, Export Trading Company Affairs.

[FR Doc. E6-6690 Filed 5-2-06; 8:45 am]

 

BILLING CODE 3510-DR-P