[Federal Register Volume 61, Number 105 (Thursday, May 30, 1996)]
[Notices]
[Pages 27049-27050]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-13473]



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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. 
94-00005.

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SUMMARY: The Secretary of Commerce issued an export trade certificate 
of review to William E. Elliott (d/b/a Export Exchange). Because this 
certificate holder has failed to file an annual report as required by 
law, the Secretary is revoking the certificate.

[[Page 27050]]

This notice summarizes the notification letter sent to William E. 
Elliott (d/b/a Export Exchange).

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. No. 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 November 10, 1994 to William E. 
Elliott (d/b/a Export Exchange).
    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 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 October 31, 1995, the Department of Commerce sent to William E. 
Elliott (d/b/a Export Exchange) a letter containing annual report 
questions with a reminder that its annual report was due on December 
25, 1995. Additional reminders were sent on February 9, 1996 and on 
March 4, 1996. The Department has received no written response from 
William E. Elliott (d/b/a Export Exchange) to any of these letters.
    On April 18, 1996, 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 William E. Elliott (d/b/a 
Export Exchange) 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 William E. Elliott (d/b/
a Export Exchange) thirty days to respond was published in the Federal 
Register on April 24, 1996 at 61 FR 18121. Pursuant to 325.10(c) (2) of 
the Regulations (15 CFR 325.10(c) (2)), the Department considers the 
failure of William E. Elliott (d/b/a Export Exchange) to respond to be 
an admission of the statements contained in the notification letter.
    The Department has determined to revoke the certificate issued to 
William E. Elliott (d/b/a Export Exchange) for its failure to file an 
annual report. The Department has sent a letter, dated May 24, 1996, to 
notify William E. Elliott (d/b/a Export Exchange) 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: May 23, 1996.
W. Dawn Busby,
Director, Office of Export Trading Company Affairs.
[FR Doc. 96-13473 Filed 5-29-96; 8:45 am]
BILLING CODE 3510-DR-P