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Export Trading Company Affairs (ETCA)

The Export Trade Certificate of Review Program - The Competitive Edge for U.S. Exporters

[Federal Register: May 3, 2006 (Volume 71, Number 85)]

[Notices]

[Page 26049-26050]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr03my06-48]

 

 

DEPARTMENT OF COMMERCE

 

International Trade Administration

 

Export Trade Certificate of Review

 

ACTION: Notice of revocation of Export Trade Certificate of Review,

Application No. 84-00014.

 

 

SUMMARY: The Secretary of Commerce issued an Export Trade Certificate

of Review to Aires Group, Ltd., on July 10, 1984. 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 Aires Group, Ltd.

 

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 July 10, 1984 to Aires Group, Ltd.

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, Sec. 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

 

[[Page 26050]]

 

(Sec. 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

(Sec. Sec. 325.10(a) and 325.14(c) of the Regulations, 15 CFR

325.10(a)(3) and 325.14(c)). On June 30, 2005, the Secretary of

Commerce sent to Aires Group, Ltd., a letter containing Annual Report

questions stating that its annual report was due on August 25, 2005. A

reminder was sent on October 21, 2005 with a due date of April 17,

2006. The Secretary has received no written response from Aires Group,

Ltd., to any of these letters. On March 17, 2006, and in accordance

with Sec. 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 Aires

Group, Ltd., that the Secretary was formally initiating the process to

revoke its Certificate for failure to file an annual report. The

Secretary received notification that the letter was received by Aires

Group, Ltd., on March 22, 2006. Pursuant to Sec. 325.10(c)(2) of the

Regulations (15 CFR 325.10(c)(2)), the Secretary considers the failure

of Aires Group, Ltd., to respond to be an admission of the statements

contained in the notification letter. The Secretary has determined to

revoke the Certificate issued to Aires Group, Ltd., for its failure to

file an annual report. The Secretary has sent a letter, dated April 28,

2006 to notify the Aires Group, Ltd., of its final determination.

The Revocation is effective thirty (30) days from the date of

publication of this notice (Sec. 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 ``(Sec. 325.11 of

the Regulations, 15 CFR 325.11).''

 

Dated: April 28, 2006.

Jeffrey Anspacher,

Director, Export Trading Company Affairs.

[FR Doc. E6-6711 Filed 5-2-06; 8:45 am]

 

BILLING CODE 3510-DR-P

 



Last Updated: 7/29/13 8:31 PM