[Federal Register Volume 72, Number 168 (Thursday, August 30, 2007)]
[Notices]
[Pages 50099-50100]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-17185]


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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. 01-00004.

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SUMMARY: The Secretary of Commerce issued an Export Trade Certificate 
of Review to International Trading Group, LLC on September 26, 2001. 
Because

[[Page 50100]]

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 International Trading Group, 
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 September 26, 2001 to International Trading Group, 
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 September 16, 2006, the Secretary of Commerce sent to 
International Trading Group, LLC a letter containing Annual Report 
questions stating that its annual report was due on November 10, 2006. 
A reminder was sent on June 22, 2007, with a due date of July 23, 2007. 
The Secretary has received no written response from International 
Trading Group, LLC to any of these letters. On July 27, 2007, 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 International Trading Group, LLC that the Secretary was 
formally initiating the process to revoke its Certificate for failure 
to file an annual report. The Secretary has received no response from 
International Trading Group, LLC. Pursuant to Section 325.10(c)(2) of 
the Regulations (15 CFR 325.10(c)(2)), the Secretary considers the 
failure of International Trading Group, 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 
International Trading Group, LLC for its failure to file an annual 
report. The Secretary has sent a letter, dated August 27, 2007 to 
notify the International Trading Group, 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 ``(15 CFR 325.11 of 
the Regulations).''

    Dated: August 24, 2007.
Jeffrey Anspacher,
Director, Export Trading Company Affairs.
[FR Doc. E7-17185 Filed 8-29-07; 8:45 am]
BILLING CODE 3510-DR-P