[Federal Register: October 11, 2007 (Volume 72, Number 196)]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
DEPARTMENT OF COMMERCE
International Trade Administration
Export Trade Certificate of Review
ACTION: Notice of Revocation of Export Trade Certificate of Review;
Application No. 99-00003.
SUMMARY: The Secretary of Commerce issued an Export Trade Certificate
of Review to JV Export Trading Company, Inc. on November 23, 1999.
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 JV Export Trading Company,
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 23, 1999 to JV Export Trading Company,
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 November 13, 2006, the Secretary of Commerce sent to JV
Export Trading Company, Inc., a letter containing Annual Report
questions stating that its annual report was due on January 7, 2007. A
reminder was sent on July 16, 2007, with a due date of August 17, 2007.
The Secretary has received no written response from JV Export Trading
Company, Inc., to any of these letters. On August 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 JV Export
Trading Company, Inc., 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 JV Export Trading Company,
Inc. Pursuant to Section 325.10(c)(2) of the Regulations (15 CFR
325.10(c)(2)), the Secretary considers the failure of JV Export Trading
Company, 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 JV Export Trading Company, Inc., for
its failure to file an annual report. The Secretary has sent a letter,
dated October 4, 2007 to notify the JV Export Trading Company, Inc., 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
October 4, 2007.
Director, Export Trading Company Affairs.
[FR Doc. E7-20040 Filed 10-10-07; 8:45 am]
BILLING CODE 3510-DR-P