[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: 31CFR560.306]



[Page 302]

 

                  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 C_General Definitions

 

Sec. 560.306  Iranian-origin goods or services; goods or services owned 

or controlled by the Government of Iran.



    (a) The terms goods of Iranian origin and Iranian-origin goods 

include:

    (1) Goods grown, produced, manufactured, extracted, or processed in 

Iran; and

    (2) Goods which have entered into Iranian commerce.

    (b) The terms services of Iranian origin and Iranian-origin services 

include:

    (1) Services performed in Iran or by an entity organized under the 

laws of Iran, or a person residing in Iran; and

    (2) Services performed outside Iran by a citizen, national or 

permanent resident of Iran who is ordinarily resident in Iran, or by an 

entity organized under the laws of Iran.

    (c) The term goods or services owned or controlled by the Government 

of Iran includes:

    (1) Goods grown, produced, manufactured, extracted or processed by 

the Government of Iran or goods in its possession or control; and

    (2) Services performed by the Government of Iran.

    (d) The terms services of Iranian-origin, Iranian-origin services, 

and services owned or controlled by the Government of Iran do not 

include:

    (1) Diplomatic and consular services performed by or on behalf of 

the Government of Iran;

    (2) Diplomatic and consular services performed by or on behalf of 

the Government of the United States; or

    (3) Services performed outside Iran by an Iranian citizen or 

national who is resident in the United States or a third country, 

provided such services are not performed by or on behalf of the 

Government of Iran (other than diplomatic and consular services), an 

entity organized under the laws of Iran, or a person located in Iran.



[64 FR 20171, Apr. 26, 1999]