[Code of Federal Regulations]
[Title 15, Volume 2]
[Revised as of January 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 15CFR750.8]

[Page 408]
 
                  TITLE 15--COMMERCE AND FOREIGN TRADE
 
  CHAPTER VII--BUREAU OF INDUSTRY AND SECURITY, 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 whole or in part, without notice 
whenever it is known that the EAR have been violated or that a violation 
is about to occur. BIS'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 BIS 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 BIS 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 BIS 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 BIS 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, BIS 
may impose sanctions provided for in part 764 of the EAR.