[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2006]

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

[CITE: 31CFR560.410]



[Page 298]

 

                  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.  560.410  Exportation, reexportation, sale or supply of services.



    (a) The prohibition on the exportation, reexportation, sale or 

supply of services contained in Sec.  560.204 applies to services 

performed on behalf of a person in Iran or the Government of Iran or 

where the benefit of such services is otherwise received in Iran, if 

such services are performed:

    (1) In the United States, or

    (2) Outside the United States by a United States person, including 

by an overseas branch of an entity located in the United States.

    (b) The benefit of services performed anywhere in the world on 

behalf of the Government of Iran is presumed to be received in Iran.

    (c) Example. A United States person is engaged in a prohibited 

exportation of services to Iran when it extends credit to a third-

country firm specifically to enable that firm to manufacture goods for 

sale to Iran or for an entity of the Government of Iran. See also Sec.  

560.416.



[64 FR 20172, Apr. 26, 1999]



[[Page 299]]