License Exception ICT will allow parent companies and their approved wholly-owned or controlled in fact entities to export, reexport or transfer many controlled items to each other and to their foreign national employees for internal company use only, without needing to obtain an individual validated export license. In order to gain authorization from BIS to use this license exception, parent companies must document to the bureau the existence of an effective internal control program, known under the associated rule as an ICT control plan.
PL:
Pub.L. 96 - 72 5, 6
Name of Law: Export Administration Act of 1979
US Code:
50 USC 1702
Name of Law: International Emergency Economic Powers Act
EO: EO 13222 Name/Subject of EO: Continuation of Export Control Regulations
This collection will allow companies to submit informaion to qualify for license exception intra-company transfers (ICT). It is estimated that license exception ICT will eliminate the need for 605 export licenses and reduce the burden hours by 706 (annually) for existing collection OMB Control No. 0694-0088.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
0694.LicExcICT.SuppStmt.100308.rtf
Companies Without An Internal Contorl Plan