[Code of Federal Regulations]
[Title 15, Volume 2]
[Revised as of January 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 15CFR750.8]

[Page 401-402]
 
                  TITLE 15--COMMERCE AND FOREIGN TRADE
 
  CHAPTER VII--BUREAU OF EXPORT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 750--APPLICATION PROCESSING, ISSUANCE OR AND DENIAL--Table of Contents
 
Sec. 750.8  Revocation or suspension of licenses.

    (a) Revocation. All licenses for exports or reexports are subject to 
revision, suspension, or revocation, in

[[Page 402]]

whole or in part, without notice whenever it is known that the EAR have 
been violated or that a violation is about to occur. BXA's Office of 
Exporter Services may revoke any license in which a person who has been 
convicted of one of the statutes specified in section 11(h) of the EAA, 
at the discretion of the Secretary of Commerce, has an interest in the 
license at the time of the conviction. It may be necessary for BXA to 
stop a shipment or an export or reexport transaction at any stage in the 
process (e.g., in order to prevent an unauthorized export or reexport). 
If a shipment is already en route, it may be further necessary for BXA 
to order the return or unloading of such shipment at any port of call in 
accordance with the provisions of the EAA.
    (b) Return of revoked or suspended licenses. If BXA revokes or 
suspends a license, the licensee shall return the license immediately 
upon notification that the license has been suspended or revoked. The 
license must be returned to BXA at the address listed in Sec. 748.2(c) 
of the EAR, Attn:'' Return of Revoked/Suspended License''. All 
applicable supporting documents and records of shipments must be 
retained by the licensee in accordance with the recordkeeping provisions 
of part 762 of the EAR. If the licensee fails to return a license 
immediately upon notification that it has been suspended or revoked, BXA 
may impose sanctions provided for in part 764 of the EAR.