[Federal Register Volume 63, Number 189 (Wednesday, September 30, 1998)]
[Notices]
[Page 52243]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-26172]
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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.
95-00001.
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SUMMARY: The Secretary of Commerce issued an export trade certificate
of review to VINEX International Inc. 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 VINEX International Inc.
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 (1997). Pursuant to this authority, a certificate of
review was issued on July 25, 1995 to VINEX International Inc.
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 (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 1, 1997, the Department of Commerce sent to VINEX
International Inc., a letter containing annual report questions with a
reminder that its annual report was due on September 8, 1997.
Additional reminders were sent on January 9, 1998 and on July 9, 1998.
The Department has received no written response to any of these
letters.
On August 4, 1998, and in accordance with Section 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 VINEX International Inc. 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 VINEX International Inc. thirty days to
respond was published in the Federal Register on August 10, 1998 at 63
FR 42614. Pursuant to 325.10(c)(2) of the Regulations (15 CFR
325.10(c)(2)), the Department considers the failure of VINEX
International Inc. to respond to be an admission of the statements
contained in the notification letter.
The Department has determined to revoke the certificate issued to
VINEX International Inc. for its failure to file an annual report. The
Department has sent a letter, dated September 9, 1998, to notify VINEX
International Inc. 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: September 24, 1998.
Morton Schnabel,
Director, Office of Export Trading Company Affairs.
[FR Doc. 98-26172 Filed 9-29-98; 8:45 am]
BILLING CODE 3510-DR-P
