[Code of Federal Regulations]
[Title 31, Volume 3]
[Revised as of July 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR560.306]

[Page 295-296]
 
                  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

[[Page 296]]

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]