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Export Trading Company Affairs (ETCA)

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

ACTION: Notice of revocation of export trade certificate of review--

application No. 83-00030.

 

 

SUMMARY: The Secretary of Commerce issued an Export Trade Certificate

of Review to Trans World Products Co., Inc. on February 8, 1984.

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 Trans World Products Co.,

Inc.

 

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

 

[[Page 27684]]

 

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 February 8, 1984

to Trans World Products, Co., Inc.

A Certificate holder is required by law to submit to the Department

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)). The Department of Commerce sent to Trans World Products

Co., Inc., a letter containing annual report questions stating that its

annual report was due on March 25, 2005. A reminder was sent on October

21, 2005. The Department has received no written response from Trans

World Products Co., Inc. to any of these letters. On March 17, 2006,

and in accordance with Section 325.10(c)(2) of the Regulations, (15 CFR

325.10(c)(2)), the Department of Commerce sent a letter by Certified

Mail to notify Trans World Products Co., Inc., that the Department was

formally initiating the process to revoke its Certificate for failure

to file an annual report. Pursuant to Section 325.10(c)(2) of the

Regulations (15 CFR 325.10(c)(2)), the Department considers the failure

of Trans World Products Co., Inc. to respond to be an admission of the

statements contained in the notification letter. The Department has

determined to revoke the Certificate issued to Trans World Products

Co., Inc. for its failure to file an annual report. The Department has

sent a letter, dated May 5, 2006, to notify Trans World Products Co.,

Inc. of its determination.

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

publication of this notice. Any person aggrieved by this decision may

appeal to an appropriate U.S. District Court within 30 days from the

date on which this notice is published in the Federal Register, in

accordance with 15 CFR 325.10(c)(4) and 15 CFR 325.11.

 

Dated: May 8, 2006.

Jeffrey Anspacher,

Director, Export Trading Company Affairs.

[FR Doc. E6-7285 Filed 5-11-06; 8:45 am]

 

BILLING CODE 3510-DR-P