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31 CFR § 560.306 - Iranian-origin goods or services; goods or services owned or controlled by the Government of Iran.

Date issued: Dec. 23 2016

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§560.306 Iranian-origin goods or services; goods or services owned or controlled by the Government of Iran.
(a) Except as provided in paragraph (b) of this section, the terms goods of Iranian origin and Iranian-origin goods include:
(1) Goods grown, produced, manufactured, extracted, or processed in Iran; and
(2) Goods that have entered into Iranian commerce.
(b) The terms goods of Iranian origin and Iranian-origin goods do not include the following categories of goods, provided that such goods were not grown, produced, manufactured, extracted, or processed in Iran:
(1) Goods exported or reexported to Iran under an authorization issued pursuant to this part and that have subsequently been reexported from and are located outside of Iran; or
(2) Goods transported on a vessel or aircraft, as well as the vessel or aircraft itself, that passed though Iranian territorial waters or stopped at a port or place in Iran en...

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TURBOFAC Commentary (1407 words)

Notes:

1) ITEMS PASSING THROUGH IRAN

See FAQs 485-488 concerning the 2016 Amendment to the Definition of "Iranian-origin goods" or "goods of Iranian origin" in the ITSR. See also FR Notice Explaining Certain TSRA-Related Amendments to the ITSR; Change to Definition of Iranian-origin Goods (81 FR 94254, Dec. 23, 2016), and comments thereto.

Relatedly, see BAFT/ The Clearing House: Guiding Principles for Sanctions Issues Related to Shipping and Financial Products, and comments thereto, for the related issue of goods passing through Iranian ports run by blocked persons and other Iranians. With respect to the implications of the ITSR on items passing through Iran but not entering into Iranian commerce, OFAC appears to interpret the scope of this provision and the basic blocking provision in a way that leads to the...