Export trade certificates of review,

[Federal Register: January 16, 2003 (Volume 68, Number 11)]

[Notices]

[Page 2317-2318]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr16ja03-48]

DEPARTMENT OF COMMERCE

International Trade Administration

Export Trade Certificate of Review

AGENCY: International Trade Administration, DOC.

ACTION: Notice of revocation of Export Trade Certificate of Review No. 84-00022.

SUMMARY: The Secretary of Commerce issued an Export Trade Certificate of Review to Great Agassiz Basin Export Trading Company, Inc. on September 5, 1984. 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 Great Agassiz Basin Export Trading Company, 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.

[[Page 2318]]

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 5, 1984 to Great Agassiz Basin Export Trading Company, 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, 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 August 26, 2002, the Department of Commerce sent to Great Agassiz Basin Export Trading Company, Inc. a letter containing annual report questions with a reminder that its annual report was due on October 20, 2002. An additional reminder was sent on November 7, 2002. The Department has received no written response from Great Agassiz Basin Export Trading Company, Inc. to any of these letters.

On November 25, 2002, and in accordance with Section 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 Great Agassiz Basin Export Trading Company, 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 Great Agassiz Basin Export Trading Company, Inc. thirty days to respond was published in the Federal Register on December 2, 2002 at 67 FR 71535. Pursuant to Section 325.10(c)(2) of the Regulations (15 CFR 325.10(c)(2)), the Department considers the failure of Great Agassiz Basin Export Trading Company, 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 Great Agassiz Basin Export Trading Company, Inc. for its failure to file an annual report. The Department has sent a letter, dated January 13, 2003, to notify Great Agassiz Basin Export Trading Company, 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, Sections 325.10(c)(4) and 325.11 of the Regulations, 15 CFR 324.10(c)(4) and Section 325.11 of the Regulations, 15 CFR 325.10(c)(4) and 325.11.

Dated: January 13, 2003. Jeffrey Anspacher, Director, Office of Export Trading Company Affairs.

[FR Doc. 03-1043 Filed 1-15-03; 8:45 am]