BIS recently amended the EAR to suspend 2 companies Authorized Validated End-User (VEU) status. Aviza Technology China and GE India’s GE Fanuc Systems PVT Ltd. were both added to the VEU program in 2009 and because of material changes at the companies, they have been suspended from the program. BIS states that the suspension is not the result of any prohibited activities by the two companies. The VEU program is very strict and often a material change that could affect a company’s status could be a change in management or failure of the company to provide financial reports on a timely basis.
So, while it is difficult to get on the VEU list, it is apparently easy to get kicked off the list—VEU’s make sure you submit your financial reports on time!
Federal Register: http://edocket.access.gpo.gov/2009/E9-30487.htm
