68 FR 162 pgs. 50754-50755 - Export Trade Certificate of Review
Type: NOTICEVolume: 68Number: 162Pages: 50754 - 50755
FR document: [FR Doc. 03-21560 Filed 8-21-03; 8:45 am]
Agency: Commerce Department
Sub Agency: International Trade Administration
Official PDF Version: PDF Version
DEPARTMENT OF COMMERCE
International Trade Administration
Export Trade Certificate of Review
ACTION:
Notice of revocation of Export Trade Certificate of Review No. 01-00005.
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, § 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 (§§ 325.14(b) of the Regulations, 15 CFR 325.14(b)). Failure to submit a complete annual report may be the basis for revocation (§§ 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 § 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).
Dated: August 19, 2003.
Jeffrey Anspacher,
Director, Office of Export Trading Company Affairs.
[FR Doc. 03-21560 Filed 8-21-03; 8:45 am]
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