31 CFR § 510.205 - Prohibited importation of goods, services, or technology from North Korea.

Date issued: Mar. 05 2018

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TURBOFAC Commentary (2127 words)

Notes:

Compare with the ITSR's broad, IEEPA-based import ban (560.201, and comments thereto).

1) "ORDINARILY RESIDENT" TEST APPLIES FOR SERVICES

As is typical with IEEPA-based bans on exports and imports of services, the prohibition applies with respect to virtually all dealings with persons "ordinarily resident" in North Korea, irrespective of where in the world they may be at the time the service is rendered. See generally enforcement actions and guidance documents pertaining to 560.201 for guidance on the likely way in which this provision would be interpreted with respect to both imports of goods as well as services.

2) NO SUBSTANTIAL TRANSFORMATION RULE

The ITSR contains a few interpretive provisions defining the scope of the import...