[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR550.416]



[Page 283]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

 

PART 550_LIBYAN SANCTIONS REGULATIONS--Table of Contents

 

                        Subpart D_Interpretations

 

Sec. 550.416  Imports of Libyan goods and purchases of goods from Libya.



    The prohibitions contained in Sec. 550.209 shall not apply to the 

goods described in Sec. Sec. 550.201 and 550.204 if the importation or 

purchase of such goods is either not prohibited by Sec. Sec. 550.201 

and 550.204 or permitted by an authorization or license issued pursuant 

to this part. However, any payments in connection with such imports or 

purchases are subject to the prohibitions contained in Sec. 550.209.



[51 FR 2464, Jan. 16, 1986]