[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: 31CFR560.407]

[Page 776]
 
                  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 D--Interpretations
 
Sec. 560.407  Transactions related to Iranian-origin goods.

    (a) Importation into the United States from third countries of goods 
containing Iranian-origin raw materials or components is not prohibited 
if those raw materials or components have been incorporated into 
manufactured products or substantially transformed in a third country by 
a person other than a United States person.
    (b) Transactions relating to Iranian-origin goods that have not been 
incorporated into manufactured products or substantially transformed in 
a third country are prohibited.
    (c) Transactions relating to goods containing Iranian-origin raw 
materials or components are not prohibited if those raw materials or 
components have been incorporated into manufactured products or 
substantially transformed in a third country by a person other than a 
United States person.