[Federal Register Volume 60, Number 12 (Thursday, January 19, 1995)]
[Notices]
[Pages 3836-3837]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-1348]
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DEPARTMENT OF COMMERCE
Export Trade Certificate of Review
AGENCY: International Trade Administration, Commerce.
ACTION: Notice of revocation of Export Trade Certificate of Review No.
92-00008.
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SUMMARY: The Secretary of Commerce issued an export trade certificate
of review to International EXIM Corporation. 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 International EXIM Corporation.
FOR FURTHER INFORMATION CONTACT: W. Dawn Busby, Director, Office of
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 (1986). Pursuant to this authority, a certificate of
review was issued on
[[Page 3837]]
September 8, 1992 to International EXIM Corporation.
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, Sec. 235.14 (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 August 29, 1994, the Department of Commerce sent to
International EXIM Corporation a letter containing annual report
questions with a reminder that its annual report was due on October 23,
1994. Additional reminders were sent on October 24, 1994 and on
November 16, 1994. The Department has received no written response from
International EXIM Corporation to any of these letters.
On December 7, 1994, and in accordance with Sec. 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 International EXIM
Corporation that the Department was formally initiating the process to
revoke its certificate for failure to file an annual report. In
addition, a summary of this letter allowing International EXIM
Corporation thirty days to respond was published in the Federal
Register on December 13, 1994 at 59 FR 64195. Pursuant to 325.10(c) (2)
of the Regulations (15 CFR 325.10(c) (2)), the Department considers the
failure of International EXIM Corporation to respond to be an admission
of the statements contained in the notification letter.
The Department has determined to revoke the certificate issued to
International EXIM Corporation for its failure to file an annual
report. The Department has sent a letter, dated January 13, 1995, to
notify International EXIM Corporation 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 325.10(c) (4) and
325.11 of the Regulations, 15 CFR 324.10(c) (4) and 325.11 of the
Regulations, 15 CFR 325.10(c) (4) and 325.11.
Dated: January 13, 1995.
W. Dawn Busby,
Director, Office of Export Trading Company Affairs.
[FR Doc. 95-1348 Filed 1-18-95; 8:45 am]
BILLING CODE 3510-DR-P
