[Federal Register Volume 64, Number 117 (Friday, June 18, 1999)]
[Notices]
[Pages 32846-32847]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-15494]
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DEPARTMENT OF COMMERCE
International Trade Administration
Export Trade Certificate of Review
AGENCY: International Trade Administration, Commerce.
ACTION: Notice of revocation of Export Trade Certificate of Review No.
89-00001.
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SUMMARY: The Secretary of Commerce issued an export trade certificate
of review to Illinois World Trade Center Association doing business as
EXILL Trading Company (``EXILL''). 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 EXILL.
FOR FURTHER INFORMATION CONTACT: Morton Schnabel, 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 (1999). Pursuant to this authority, a certificate of
review was issued on April 28, 1988 to EXILL.
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. 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
(Sec. 325.14 (b) of the Regulations, 15 CFR 325.14 (b)). Failure to
submit a complete annual report may be the basis for revocation
(Sec. 325.10(a)(3) and 325.14(c) of the regulations, 15 CFR
325.10(a)(3) and 325.14(c)).
On April 18, 1998, the Department of Commerce sent to EXILL a
letter containing annual report questions with a reminder that its
annual report was due on June 12, 1998. Additional reminders were sent
on July 9, 1998 and on September 30, 1998. The Department has received
no written response from EXILL to any of these letters.
On March 16, 1999, and in accordance with Sec. 325.10(c)(1) of the
regulations, (15 CFR 325.10(c)(1)), the Department of Commerce sent a
letter by certified mail to notify EXILL 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 EXILL thirty days to respond was published in the Federal
Register on March 22, 1999 at 64 FR 13777. Pursuant to
Sec. 325.10(c)(2) of the regulations (15 CFR 325.10(c)(2)), the
Department considers the failure of EXILL to respond to be an admission
of
[[Page 32847]]
the statements contained in the notification letter.
The Department has determined to revoke the certificate issued to
EXILL for its failure to file an annual report. The Department has sent
a letter, dated June 14, 1999, to notify EXILL 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: June 14, 1999.
Morton Schnabel,
Director, Office of Export Trading Company Affairs.
[FR Doc. 99-15494 Filed 6-17-99; 8:45 am]
BILLING CODE 3510-DR-P
