Notice of revocation of Export Trade Certificate of Review, Application No. 84-00014.
The Secretary of Commerce issued an Export Trade Certificate of Review to Aires Group, Ltd., on July 10, 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 Aires Group, Ltd.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 July 10, 1984 to Aires Group, Ltd.
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, § 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 Start Printed Page 26050(§§ 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) and 325.14(c) of the Regulations, 15 CFR 325.10(a)(3) and 325.14(c)). On June 30, 2005, the Secretary of Commerce sent to Aires Group, Ltd., a letter containing Annual Report questions stating that its annual report was due on August 25, 2005. A reminder was sent on October 21, 2005 with a due date of April 17, 2006. The Secretary has received no written response from Aires Group, Ltd., to any of these letters. On March 17, 2006, and in accordance with § 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 Aires Group, Ltd., 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 Aires Group, Ltd., on March 22, 2006. Pursuant to § 325.10(c)(2) of the Regulations (15 CFR 325.10(c)(2)), the Secretary considers the failure of Aires Group, Ltd., to respond to be an admission of the statements contained in the notification letter. The Secretary has determined to revoke the Certificate issued to Aires Group, Ltd., for its failure to file an annual report. The Secretary has sent a letter, dated April 28, 2006 to notify the Aires Group, Ltd., 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).”Start Signature
Dated: April 28, 2006.
Director, Export Trading Company Affairs.
[FR Doc. E6-6711 Filed 5-2-06; 8:45 am]
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