[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: 31CFR560.414]

[Page 777]
 
                  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. 560.414  Reexportation of certain U.S.-origin goods exported prior to May 7, 1995.

    The prohibitions on reexportation in Sec. 560.205 do not apply to 
United States-origin goods or technology that were exported from the 
United States prior to 12:01 a.m., Eastern Daylight Time, May 7, 1995, 
if:
    (a) Such goods or technology were not the property of a United 
States person as of 12:01 a.m. Eastern Daylight Time, May 7, 1995; and
    (b) The reexportation of the U.S.-origin goods or technology to Iran 
or the Government of Iran was not subject to reexport (as opposed to 
export) license application requirements under U.S. regulations in 
effect prior to May 6, 1995.

    Notes to Sec. 560.414. 1. The exclusion in this section applies, 
among other things, to goods that were as of May 6, 1995, classified 
under the U.S. Department of Commerce's Export Administration 
Regulations (15 CFR parts 730-774) as ECCNs 2A994; 3A993; 5A992; 5A995; 
6A990; 6A994; 7A994; 8A992; 8A994; 9A990; 9A992; and 9A994, that were 
exported from the United States prior to 12:01 a.m. Eastern Daylight 
Time, May 7, 1995, and were not the property of a United States person 
as of 12:01 a.m. Eastern Daylight Time, May 7, 1995. As of April 26, 
1999, items covered by this note are classified under ECCNs 2A994; 
3A992.a; 5A991.f; 5A992; 6A991; 6A998; 7A994; 8A992.d, .e, .f and .g; 
9A990.a and .b; and 9A991.d and .e.
    2. A reexportation of U.S.-origin goods or technology which meets 
the conditions of paragraph (a) of this section, or which is not within 
the scope of Sec. 560.205, nevertheless may require specific 
authorization by other agencies of the U.S. Government for reexportation 
to Iran or the Government of Iran. For example, items which meet the 
conditions of paragraph (a) may nevertheless require an export license 
under the Enhanced Proliferation Control Initiative provisions of the 
Export Administration Regulations (15 CFR part 744).

[64 FR 20172, Apr. 26, 1999]