[Federal Register Volume 61, Number 123 (Tuesday, June 25, 1996)]
[Notices]
[Page 32773]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-16176]
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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.
94-00006.
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SUMMARY: The Secretary of Commerce issued an export trade certificate
of review to P & B International. 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 P & B International.
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. No. 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 December 30, 1994 to P & B
International.
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 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
[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
(Sections 325.10(a) and 325.14(c) of the Regulations, 15 CFR
325.10(a)(3) and 325.14(c)).
On January 11, 1996, the Department of Commerce sent to P & B
International a letter containing annual report questions with a
reminder that its annual report was due on February 13, 1996.
Additional reminders were sent on March 13, 1996 and on April 19, 1996.
The Department has received no written response from P & B
International to any of these letters.
On May 14, 1996, 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 P & B International 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 P & B International thirty days to
respond was published in the Federal Register on May 20, 1996 at 61 FR
25207. Pursuant to 325.10(c)(2) of the Regulations (15 CFR
325.10(c)(2)), the Department considers the failure of P & B
International to respond to be an admission of the statements contained
in the notification letter.
The Department has determined to revoke the certificate issued to P
& B International for its failure to file an annual report. The
Department has sent a letter, dated June 20, 1996, to notify P & B
International 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 20, 1996.
W. Dawn Busby,
Director, Office of Export Trading Company Affairs.
[FR Doc. 96-16176 Filed 6-24-96; 8:45 am]
BILLING CODE 3510-DR-P
