[Federal
Register: August 30, 2007 (Volume 72, Number 168)]
[Notices]
[Page
50099-50100]
From
the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr30au07-22]
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DEPARTMENT
OF COMMERCE
International
Trade Administration
Export
Trade Certificate of Review
ACTION:
Notice of revocation of Export Trade Certificate of Review
Application
No. 01-00004.
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SUMMARY:
The Secretary of Commerce issued an Export Trade Certificate
of
Review to International Trading Group, LLC on September 26, 2001.
Because
[[Page
50100]]
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.
[FR
Doc. E7-17185 Filed 8-29-07; 8:45 am]
BILLING
CODE 3510-DR-P