[Federal Register Volume 65, Number 214 (Friday, November 3, 2000)]
[Notices]
[Page 66236]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-28212]


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DEPARTMENT OF COMMERCE

International Trade Administration


Export Trade Certificate of Review

AGENCY: International Trade Administration, Commerce.

ACTION: Notice of revocation of Export Trade Certificate of Review No. 
86-00002.

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SUMMARY: The Secretary of Commerce issued an export trade certificate 
of review to National Association of Export Companies, Inc. 
(``NEXCO''). 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 
NEXCO.

FOR FURTHER INFORMATION CONTACT: Morton Schnabel, Director, Office of 
Export Trading Company Affairs, International Trade Administration, 
202/482-5131 (This is not a toll-free number) or E-mail at 
[email protected].

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 July 9, 1986 to NEXCO.
    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. 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 
(Sec. 325.14 (b) of the Regulations, 15 CFR 325.14 (b)). Failure to 
submit a complete annual report may be the basis for revocation 
(Secs. 325.10(a) (3) and 325.14(c) of the Regulations, 15 CFR 325.10(a) 
(3) and 325.14(c)).
    On June 29, 1999, the Department of Commerce sent to NEXCO a letter 
containing annual report questions with a reminder that its annual 
report was due on August 23, 1999. Additional reminders were sent on 
September 27, 1999 and on December 1, 1999. The Department has received 
no written response from NEXCO to any of these letters.
    On September 25, 2000, and in accordance with Sec. 325.10(c)(1) of 
the regulations, (15 CFR 325.10(c)(1)), the Department of Commerce sent 
a letter by certified mail to notify NEXCO 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 NEXCO thirty days to respond was published in the Federal 
Register on September 29, 2000 at 65 FR 58512. Pursuant to 
Sec. 325.10(c)(2) of the regulations (15 CFR 325.10(c)(2)), the 
Department considers the failure of NEXCO to respond to be an admission 
of the statements contained in the notification letter.
    The Department has determined to revoke the certificate issued to 
NEXCO for its failure to file an annual report. The Department has sent 
a letter, dated October 30, 2000, to notify NEXCO 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: October 30, 2000.
Morton Schnabel,
Director, Office of Export Trading, Company Affairs.
[FR Doc. 00-28212 Filed 11-2-00; 8:45 am]
BILLING CODE 3510-DR-P