Denial of Export Privileges

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of Commerce Bureau of Industry and Security [Docket Number 17-BIS-0005] On August 31, 2017, I signed an order (the “August 31, 2017 Order”) approving the terms of the settlement agreement entered into in August 2017 (the “Settlement Agreement”) between the Bureau of Industry and Security, U.S. Department of Commerce (“BIS”), and Narender Sharma (“Sharma”) and his company Hydel Engineering Products (“Hydel” or “Hydel Engineering”) (collectively, “Hydel/Sharma” or “Respondents”). The Settlement Agreement and the August 31, 2017 Order relate to an enforcement action brought by BIS against Hydel and Sharma for conspiring to export items from the United States to Iran, including to an Iranian Government entity, without the required U.S. Government authorization, in violation of the Export Administration Regulations (the “Regulations”), which issued under the authority of the Export Administration Act of 1979, as amended (the “Act”). [ 1 ] The Settlement Agreement and August 31, 2017 Order imposed on Hydel and Sharma a civil penalty of $100,000, for which they are jointly and severally liable. Hydel and Sharma were required to pay $30,000 of this amount to the U.S. Department of Commerce by no later than December 15, 2017. Payment of the remaining $70,000 was suspended for a probationary period of five years from the date of the August 31, 2017 Order, a…