[Federal Register Volume 68, Number 163 (Friday, August 22, 2003)]
[Notices]
[Pages 50754-50755]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-21560]


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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. 
01-00005.

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SUMMARY: The Secretary of Commerce issued an Export Trade Certificate 
of Review to Vinex International, Inc. on January 7, 2002. 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 Vinex International, 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 January 7, 2002 to Vinex International, 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, 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. 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 
(Sec. Sec.  325.10(a)(3) and 325.14(c) of the Regulations, 15 CFR 
325.10(a)(3) and 325.14(c)).
    On December 23, 2002, the Department of Commerce sent to Vinex 
International, Inc. a letter containing annual report questions with a 
reminder that its annual report was due on February 21, 2003. 
Additional reminder letters were sent on March 28, 2003, and May 2, 
2003. The Department has received no written response from Vinex 
International, Inc. to any of these letters.
    On July 11, 2003, 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 Vinex International, 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 Vinex International, Inc. thirty days 
to respond was published in the Federal Register on July 17, 2003 (68 
FR 42396). Pursuant to 325.10(c)(2) of the Regulations (15 CFR 
325.10(c)(2)), the Department considers the failure of Vinex 
International, 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 
Vinex International, Inc. for its failure to file an annual report. The 
Department has sent a letter, dated August 19, 2003, to notify Vinex 
International, 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).


[[Page 50755]]


    Dated: August 19, 2003.
Jeffrey Anspacher,
Director, Office of Export Trading Company Affairs.
[FR Doc. 03-21560 Filed 8-21-03; 8:45 am]
BILLING CODE 3510-DR-P