[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR560.205]

[Page 771-772]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
 
PART 560--IRANIAN TRANSACTIONS REGULATIONS--Table of Contents
 
                         Subpart B--Prohibitions
 
Sec. 560.205  Prohibited reexportation of goods, technology or services to Iran or the Government of Iran by persons other than United States persons; 
          exceptions.

    (a) Except as otherwise authorized pursuant to this part, and 
notwithstanding any contract entered into or any license or permit 
granted prior to May 7, 1995, the reexportation from a third country, 
directly or indirectly, by a person other than a United States person, 
of any goods, technology or services that have been exported from the 
United States is prohibited, if:
    (1) Undertaken with knowledge or reason to know that the 
reexportation is intended specifically for Iran or the Government of 
Iran; and
    (2) The exportation of such goods, technology, or services from the 
United States to Iran was subject to export license application 
requirements under any United States regulations in effect on May 6, 
1995, or thereafter is made subject to such requirements imposed 
independently of this part (see Sec. 560.414).
    (b) The prohibitions of paragraph (a) of this section shall not 
apply to those goods or that technology subject to export license 
application requirements if such goods or technology have been:
    (1) Substantially transformed into a foreign-made product outside 
the United States; or
    (2) Incorporated into a foreign-made product outside the United 
States if the aggregate value of such goods and technology described in 
paragraph (a)(2) of this section constitutes less than 10 percent of the 
total value of the foreign-made product to be exported from a third 
country (see Sec. 560.420).
    (c) Reexportation by United States persons or from the United States 
is governed by other sections in this part, including Secs. 560.204 and 
560.206.

    Note to Sec. 560.205. The reexportation of U.S.-origin goods or 
technology, including U.S.-origin goods or technology that have

[[Page 772]]

been incorporated or substantially transformed into a foreign-made 
product, not prohibited by this section, may require authorization by 
the U.S. Department of Commerce under the Export Administration 
Regulations (15 CFR parts 740-774) or by the U.S. State Department under 
the International Traffic in Arms Regulations (22 CFR 123.9).

[64 FR 20170, Apr. 26, 1999]