Another Valve Maker Gets Nailed
September 2007
Well, it seems to me that export compliance might be a good topic for the next annual meeting of US valve company executives and lawyers. Commerce Department law enforcement agents have found the valve industry to be a reliable source for a steady stream of violations. Just when I think maybe the stream will dry up, the valve industry offers up another victim.
Hmmm, “Valve Industry Export Control Update” has a nice ring to it…
The Commerce Department’s Bureau of Industry and Security (BIS) charged Cole-Parmer Instrument Co. for committing 10 violations of the Export Administration Regulations (EAR) for illegally exporting valves to China and Pakistan. Cole-Parmer Instrument Co. was forced to pay a civil penalty of $55,000 for violating the Regulations.
More information:
E2004.pdf (PDF)
