E7-17185. Export Trade Certificate of Review

ACTION:

Notice of revocation of Export Trade Certificate of Review Application No. 01-00004.

SUMMARY:

The Secretary of Commerce issued an Export Trade Certificate of Review to International Trading Group, LLC on September 26, 2001. 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 Trading Group, LLC.

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 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 September 26, 2001 to International Trading Group, LLC.

A Certificate Holder is required by law to submit to the Secretary 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)). On September 16, 2006, the Secretary of Commerce sent to International Trading Group, LLC a letter containing Annual Report questions stating that its annual report was due on November 10, 2006. A reminder was sent on June 22, 2007, with a due date of July 23, 2007. The Secretary has received no written response from International Trading Group, LLC to any of these letters. On July 27, 2007, and in accordance with Section 325.10(c)(1) of the Regulations, (15 CFR 325.10(c)(1)), the Secretary of Commerce sent a letter by Certified Mail to notify International Trading Group, LLC that the Secretary was formally initiating the process to revoke its Certificate for failure to file an annual report. The Secretary has received no response from International Trading Group, LLC. Pursuant to Section 325.10(c)(2) of the Regulations (15 CFR 325.10(c)(2)), the Secretary considers the failure of International Trading Group, LLC to respond to be an admission of the statements contained in the notification letter. The Secretary has determined to revoke the Certificate issued to International Trading Group, LLC for its failure to file an annual report. The Secretary has sent a letter, dated August 27, 2007 to notify the International Trading Group, LLC of its final determination.

The Revocation is effective thirty (30) days from the date of publication of this notice (325.10(c)(4) of the Regulations, 15 CFR 325.10(c)). Any person aggrieved by this decision may appeal to an appropriate U.S. District Court within 30 days from the date of publication of this notice in the Federal Register “(15 CFR 325.11 of the Regulations).”

Dated: August 24, 2007.

Jeffrey Anspacher,

Director, Export Trading Company Affairs.