Notice of revocation of Export Trade Certificate of Review Application No. 03-00004.
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.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Jeffrey Anspacher, Director, Export Trading Company Affairs, International Trade Administration, 202/482-5131. This is not a toll-free number.End Further Info End Preamble Start Supplemental 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 Start Printed Page 26049complete 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.Start Signature
Dated: April 24, 2006.
Director, Export Trading Company Affairs.
[FR Doc. E6-6592 Filed 5-2-06; 8:45 am]
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