[Federal Register Volume 71, Number 85 (Wednesday, May 3, 2006)]
[Notices]
[Page 26049]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-6690]


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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. 00-00001.

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SUMMARY: The Secretary of Commerce issued an Export Trade Certificate 
of Review to North America Export Trading, LLC., on June 8, 2000. 
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 North America Export 
Trading, LLC.

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 June 8, 2000 to North America Export Trading, LLC.
    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 
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 May 28, 2005, the Secretary of Commerce sent to North 
America Export Trading, LLC., a letter containing Annual Report 
questions stating that its annual report was due on July 23, 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 North America 
Export Trading, LLC., to any of these letters. On March 17, 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 North America Export Trading, LLC., that the Secretary 
was formally initiating the process to revoke its Certificate for 
failure to file an annual report. The Secretary received notification 
that the letter was received by North America Export Trading, LLC., on 
March 23, 2006. Pursuant to section 325.10(c)(2) of the Regulations (15 
CFR 325.10(c)(2)), the Secretary considers the failure of North America 
Export Trading, LLC., to respond to be an admission of the statements 
contained in the notification letter. The Secretary has determined to 
revoke the Certificate issued to North America Export Trading, LLC., 
for its failure to file an annual report. The Secretary has sent a 
letter, dated April 28, 2006 to notify the North America Export 
Trading, LLC., of its final determination.
    The Revocation is effective thirty (30) days from the date of 
publication of this notice (325.10(c))(4) of the Regulations, 15 CFR 
325.10(c)). 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 ``(325.11 of the 
Regulations, 15 CFR 325.11).''

    Dated: April 28, 2006.
Jeffrey Anspacher,
Director, Export Trading Company Affairs.
[FR Doc. E6-6690 Filed 5-2-06; 8:45 am]
BILLING CODE 3510-DR-P