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Export Trading Company Affairs (ETCA)
The Export Trade Certificate of Review Program - The Competitive Edge for U.S. Exporters
ACTION: Notice of revocation of export trade certificate of review--
application No. 83-00030.
SUMMARY: The Secretary of Commerce issued an Export Trade Certificate
of Review to Trans World Products Co., Inc. on February 8, 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 Trans World Products Co.,
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 February 8, 1984
to Trans World Products, Co., Inc.
A Certificate holder is required by law to submit to the Department
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)). The Department of Commerce sent to Trans World Products
Co., Inc., a letter containing annual report questions stating that its
annual report was due on March 25, 2005. A reminder was sent on October
21, 2005. The Department has received no written response from Trans
World Products Co., Inc. to any of these letters. On March 17, 2006,
and in accordance with Section 325.10(c)(2) of the Regulations, (15 CFR
325.10(c)(2)), the Department of Commerce sent a letter by Certified
Mail to notify Trans World Products Co., Inc., that the Department was
formally initiating the process to revoke its Certificate for failure
to file an annual report. Pursuant to Section 325.10(c)(2) of the
Regulations (15 CFR 325.10(c)(2)), the Department considers the failure
of Trans World Products Co., Inc. to respond to be an admission of the
statements contained in the notification letter. The Department has
determined to revoke the Certificate issued to Trans World Products
Co., Inc. for its failure to file an annual report. The Department has
sent a letter, dated May 5, 2006, to notify Trans World Products Co.,
Inc. of its determination.
The Revocation is effective thirty (30) days from the date of
publication of this notice. Any person aggrieved by this decision may
appeal to an appropriate U.S. District Court within 30 days from the
date on which this notice is published in the Federal Register, in
accordance with 15 CFR 325.10(c)(4) and 15 CFR 325.11.
Dated: May 8, 2006.
Director, Export Trading Company Affairs.
[FR Doc. E6-7285 Filed 5-11-06; 8:45 am]
BILLING CODE 3510-DR-P