Notice of revocation of export trade certificate of review—application No. 83-00030.
The Secretary of Commerce issued an Export Trade Certificate of Review to Trans World Products Co., Inc. on February 8, 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 Trans World Products Co., 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 Start Printed Page 27684Trade 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 February 8, 1984 to Trans World Products, Co., 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)). The Department of Commerce sent to Trans World Products Co., Inc., a letter containing annual report questions stating that its annual report was due on March 25, 2005. A reminder was sent on October 21, 2005. The Department has received no written response from Trans World Products Co., Inc. to any of these letters. On March 17, 2006, 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 Trans World Products Co., Inc., that the Department was formally initiating the process to revoke its Certificate for failure to file an annual report. Pursuant to Section 325.10(c)(2) of the Regulations (15 CFR 325.10(c)(2)), the Department considers the failure of Trans World Products Co., 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 Trans World Products Co., Inc. for its failure to file an annual report. The Department has sent a letter, dated May 5, 2006, to notify Trans World Products Co., 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, in accordance with 15 CFR 325.10(c)(4) and 15 CFR 325.11.Start Signature
Dated: May 8, 2006.
Director, Export Trading Company Affairs.
[FR Doc. E6-7285 Filed 5-11-06; 8:45 am]
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