[Federal Register Volume 68, Number 163 (Friday, August 22, 2003)]
[Notices]
[Page 50754]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-21559]



[[Page 50754]]

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DEPARTMENT OF COMMERCE

International Trade Administration


Export Trade Certificate of Review

ACTION: Notice of revocation of Export Trade Certificate of Review No. 
99-00004.

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SUMMARY: The Secretary of Commerce issued an Export Trade Certificate 
of Review to USXT, Inc. on November 17, 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 USXT, Inc.

FOR FURTHER INFORMATION CONTACT: Jeffrey Anspacher, 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. Pursuant to this authority, a certificate of review 
was issued on November 17, 1999 to USXT, 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)).
    On November 7, 2002, the Department of Commerce sent to USXT, Inc. 
a letter containing annual report questions with a reminder that its 
annual report was due on January 1, 2003. Additional reminders were 
sent on March 31, 2003 and on April 11, 2003. The Department has 
received no written response from USXT, Inc. to any of these letters.
    On May 5, 2003, 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 USXT, Inc. 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 USXT, Inc. thirty days to respond was published in the Federal 
Register on July 17, 2003 at 68 FR 42397. Pursuant to 325.10(c)(2) of 
the Regulations (15 CFR 325.10(c)(2)), the Department considers the 
failure of USXT, 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 
USXT, Inc. for its failure to file an annual report. The Department has 
sent a letter, dated August 19, 2003, to notify USXT, 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 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: August 19, 2003.
Jeffrey Anspacher,
Director, Office of Export Trading Company Affairs.
[FR Doc. 03-21559 Filed 8-21-03; 8:45 am]
BILLING CODE 3510-DR-P