[Federal Register Volume 71, Number 85 (Wednesday, May 3, 2006)]
[Notices]
[Pages 26048-26049]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-6592]


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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 
Application No. 03-00004.

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SUMMARY: The Secretary of Commerce issued an Export Trade Certificate 
of Review to NYVZ Import & Export Inc. on November 10, 2003. 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 NYVZ Import & Export Inc.

FOR FURTHER INFORMATION CONTACT: Jeffrey Anspacher, Director, 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 (1999). Pursuant to this Authority, a Certificate of 
Review was issued on November 10, 2003 to NYVZ Import & Export Inc.
    A Certificate Holder is required by law to submit to the Secretary 
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

[[Page 26049]]

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 December 16, 2004, the Secretary of Commerce sent to 
NYVZ Import & Export Inc., a letter containing Annual Report questions 
stating that its annual report was due on January 31, 2005. A reminder 
was sent on November 8, 2005 with a due date of December 23, 2005. The 
Secretary has received no written response from NYVZ Import & Export 
Inc., to any of these letters. On March 24, 2006, and in accordance 
with Section 325.10(c)(1) of the Regulations, (15 CFR 325.10(c)(1)), 
the Secretary of Commerce sent a letter by Certified Mail to notify 
NYVZ Import & Export Inc., that the Secretary was formally initiating 
the process to revoke its Certificate for failure to file an annual 
report. NYVZ Import & Export Inc., has not responded within the 30 day 
deadline, April 17, 2006. Pursuant to Section 325.10(c)(2) of the 
Regulations (15 CFR 325.10(c)(2)), the Secretary considers the failure 
of NYVZ Import & Export Inc., to respond to be an admission of the 
statements contained in the notification letter. The Secretary has 
determined to revoke the Certificate issued to NYVZ Import & Export 
Inc., for its failure to file an annual report. The Secretary has sent 
a letter, dated April 26, 2006 to notify the NYVZ Import & Export Inc., 
of its final determination.
    The Revocation is effective thirty (30) days from the date of 
publication of this notice, see 15 CFR 325.10 (c) (4). Any person 
aggrieved by this decision may appeal to an appropriate U.S. District 
Court within 30 days from the date of publication of this notice in the 
Federal Register, see 325.11 of the Regulations, 15 CFR 325.11.

    Dated: April 24, 2006.
Jeffrey Anspacher,
Director, Export Trading Company Affairs.
[FR Doc. E6-6592 Filed 5-2-06; 8:45 am]
BILLING CODE 3510-DR-P