[Federal Register Volume 60, Number 12 (Thursday, January 19, 1995)]
[Notices]
[Pages 3836-3837]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-1348]



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DEPARTMENT OF COMMERCE

Export Trade Certificate of Review

AGENCY: International Trade Administration, Commerce.

ACTION: Notice of revocation of Export Trade Certificate of Review No. 
92-00008.

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SUMMARY: The Secretary of Commerce issued an export trade certificate 
of review to International EXIM Corporation. 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 International EXIM Corporation.

FOR FURTHER INFORMATION CONTACT: W. Dawn Busby, Director, Office of 
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 (1986). Pursuant to this authority, a certificate of 
review was issued on 

[[Page 3837]]
September 8, 1992 to International EXIM Corporation.
    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, Sec. 235.14 (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 August 29, 1994, the Department of Commerce sent to 
International EXIM Corporation a letter containing annual report 
questions with a reminder that its annual report was due on October 23, 
1994. Additional reminders were sent on October 24, 1994 and on 
November 16, 1994. The Department has received no written response from 
International EXIM Corporation to any of these letters.
    On December 7, 1994, and in accordance with Sec. 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 International EXIM 
Corporation that the Department was formally initiating the process to 
revoke its certificate for failure to file an annual report. In 
addition, a summary of this letter allowing International EXIM 
Corporation thirty days to respond was published in the Federal 
Register on December 13, 1994 at 59 FR 64195. Pursuant to 325.10(c) (2) 
of the Regulations (15 CFR 325.10(c) (2)), the Department considers the 
failure of International EXIM Corporation to respond to be an admission 
of the statements contained in the notification letter.
    The Department has determined to revoke the certificate issued to 
International EXIM Corporation for its failure to file an annual 
report. The Department has sent a letter, dated January 13, 1995, to 
notify International EXIM Corporation 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 325.10(c) (4) and 
325.11 of the Regulations, 15 CFR 324.10(c) (4) and 325.11 of the 
Regulations, 15 CFR 325.10(c) (4) and 325.11.

    Dated: January 13, 1995.
W. Dawn Busby,
Director, Office of Export Trading Company Affairs.
[FR Doc. 95-1348 Filed 1-18-95; 8:45 am]
BILLING CODE 3510-DR-P