[Federal Register Volume 62, Number 52 (Tuesday, March 18, 1997)]
[Notices]
[Pages 12799-12800]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-6796]


-----------------------------------------------------------------------


DEPARTMENT OF COMMERCE

Export Trade Certificate of Review

AGENCY: International Trade Administration, Commerce.

ACTION: Notice of revocation of Export Trade Certificate of Review No. 
85-00004.

-----------------------------------------------------------------------

SUMMARY: The Secretary of Commerce issued an export trade certificate 
of review to Trust International Services Company, Inc. 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 Trust International Services Company, 
Inc.

FOR FURTHER INFORMATION CONTACT: W. Dawn Busby, Director, Office of 
Export Trading Company Affairs, International Trade Administration, 
202/482-5l3l. 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 (1996). Pursuant to this authority, a certificate of 
review was issued on May 9, 1985 to Trust International Services 
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, Sec. 235.14 (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 
(Sec. 325.14 (b) of the regulations, 15 CFR 325.14 (b)). Failure to 
submit a complete annual report may be the basis for revocation 
(Secs. 325.10(a) and 325.14(c) of the Regulations, 15 CFR 325.10(a) (3) 
and 325.14(c)).
    On April 29, 1996, the Department of Commerce sent to Trust 
International Services Company, Inc. a letter containing annual report 
questions with a reminder that its annual report was due on June 23, 
1996. Additional reminders were sent on October 28, 1996 and on January 
3, 1997. The Department has received no written response from Trust 
International Services Company, Inc. to any of these letters.
    On February 4, 1997, and in accordance with Sec. 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 Trust International Services 
Company, Inc. that the Department was formally initiating the process 
to revoke its certificate for failure to file an annual

[[Page 12800]]

report. In addition, a summary of this letter allowing Trust 
International Services Company, Inc. thirty days to respond was 
published in the Federal Register on February 10, 1997 at 62 FR 5961. 
Pursuant to Sec. 325.10(c) (2) of the Regulations (15 CFR 325.10(c) 
(2)), the Department considers the failure of Trust International 
Services 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 
Trust International Services Company, Inc. for its failure to file an 
annual report. The Department has sent a letter, dated March 13, 1997, 
to notify Trust International Services 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 (325.10(c) (4) and 325.11 of the Regulations, 15 CFR 324.10(c) 
(4) and 325.11 of the Regulations, 15 CFR 325.10(c) (4) and 325.11).

    Dated: March 13, 1997.
W. Dawn Busby,
Director, Office of Export Trading Company Affairs.
[FR Doc. 97-6796 Filed 3-17-97; 8:45 am]
BILLING CODE 3510-DR-P