[Federal Register Volume 63, Number 119 (Monday, June 22, 1998)]
[Notices]
[Pages 33911-33912]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-16421]
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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.
85-00014.
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SUMMARY: The Secretary of Commerce issued an export trade certificate
of review to Grays Harbor Exporting Trading Company. Because this
certificate holder has failed to file an annual report as required by
law, the Secretary is revoking the certificate.
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 (1996). Pursuant to this authority, a certificate of
review was issued on December 20, 1985 to Grays Harbor Exporting
Trading Company.
A certificate holder is required by law to submit to the Department
of
[[Page 33912]]
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 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 June 22, 1995, the Department of Commerce sent to Grays Harbor
Exporting Trading Company a letter containing annual report questions
with a reminder that its annual report was due on July 7, 1995.
Additional reminders were sent on June 11, 1996 and on June 4, 1997.
The Department has received no written response from Grays Harbor
Exporting Trading Company to any of these letters.
On May 1, 1998, 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 Grays Harbor Exporting Trading
Company 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 Grays Harbor Exporting
Trading Company thirty days to respond was published in the Federal
Register on May 7, 1998 at 61 FR 60091. Pursuant to 325.10(c)(2) of the
Regulations (15 CFR 325.10(c)(2)), the Department considers the failure
of Grays Harbor Exporting Trading Company to respond to be an admission
of the statements contained in the notification letter.
The Department has determined to revoke the certificate issued to
Grays Harbor Exporting Trading Company for its failure to file an
annual report. The Department has sent a letter, dated June 16, 1998,
to notify Grays Harbor Exporting Trading Company 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 16, 1998.
Morton Schnabel,
Director, Office of Export Trading Company Affairs.
[FR Doc. 98-16421 Filed 6-19-98; 8:45 am]
BILLING CODE 3510-DR-P
