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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 26048-26049]

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

[DOCID:fr03my06-46]

 

 

DEPARTMENT OF COMMERCE

 

International Trade Administration

 

Export Trade Certificate Of Review

 

ACTION: Notice of revocation of Export Trade Certificate of Review

Application No. 03-00004.

 

 

SUMMARY: The Secretary of Commerce issued an Export Trade Certificate

of Review to NYVZ Import & Export Inc. on November 10, 2003. 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 NYVZ Import & Export Inc.

 

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 November 10, 2003 to NYVZ Import & Export Inc.

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

 

[[Page 26049]]

 

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 December 16, 2004, the Secretary of Commerce sent to

NYVZ Import & Export Inc., a letter containing Annual Report questions

stating that its annual report was due on January 31, 2005. A reminder

was sent on November 8, 2005 with a due date of December 23, 2005. The

Secretary has received no written response from NYVZ Import & Export

Inc., to any of these letters. On March 24, 2006, 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

NYVZ Import & Export Inc., that the Secretary was formally initiating

the process to revoke its Certificate for failure to file an annual

report. NYVZ Import & Export Inc., has not responded within the 30 day

deadline, April 17, 2006. Pursuant to Section 325.10(c)(2) of the

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

of NYVZ Import & Export Inc., to respond to be an admission of the

statements contained in the notification letter. The Secretary has

determined to revoke the Certificate issued to NYVZ Import & Export

Inc., for its failure to file an annual report. The Secretary has sent

a letter, dated April 26, 2006 to notify the NYVZ Import & Export Inc.,

of its final determination.

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

publication of this notice, see 15 CFR 325.10 (c) (4). 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, see 325.11 of the Regulations, 15 CFR 325.11.

 

Dated: April 24, 2006.

Jeffrey Anspacher,

Director, Export Trading Company Affairs.

[FR Doc. E6-6592 Filed 5-2-06; 8:45 am]

 

BILLING CODE 3510-DR-P

 



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