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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: July 28, 2006 (Volume 71, Number 145)]

[Notices]

[Page 42806-42807]

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

[DOCID:fr28jy06-31]

 

 

DEPARTMENT OF COMMERCE

 

International Trade Administration

 

Export Trade Certificate of Review

 

ACTION: Notice of Revocation of Export Trade Certificate of Review;

Application No. 92-00012.

 

 

SUMMARY: The Secretary of Commerce issued an Export Trade Certificate

of Review to Balmac International Inc. on December 29, 1992. 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 Balmac International 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 December 29, 1992 to Balmac International 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

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 April 8, 2004, the Secretary of Commerce sent to Balmac

International Inc. a letter containing Annual Report questions stating

that its annual report was due on May 31, 2004. A reminder was sent on

November 8, 2005 with a due date of December 23, 2005. The Secretary

has received no written response from

 

[[Page 42807]]

 

Balmac International 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 Balmac International Inc. 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 Balmac International Inc. on April 3, 2006.

Pursuant to Section 325.10(c)(2) of the Regulations (15 CFR

325.10(c)(2)), the Secretary considers the failure of Balmac

International 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 Balmac International Inc. for its

failure to file an annual report. The Secretary has sent a letter,

dated July 21, 2006, to notify the Balmac International Inc. of its

final determination.

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

publication of this notice (325.10((copyright)))(4) of the Regulations,

15 CFR 325.10((copyright)))). 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 ``(325.11 of

the Regulations, 15 CFR 325.11).''

 

Dated: July 19, 2006.

Jeffrey Anspacher,

Director, Export Trading Company Affairs.

[FR Doc. E6-12096 Filed 7-27-06; 8:45 am]

 

BILLING CODE 3510-DR-P

 



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