31 CFR 550.408 - Imports from third countries; transshipments.

Code of Federal Regulations - Title 31: Money and Finance: Treasury (December 2005)


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TITLE 31 - MONEY AND FINANCE: TREASURY

SUBTITLE B - REGULATIONS RELATING TO MONEY AND FINANCE

CHAPTER V - OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

PART 550 - LIBYAN SANCTIONS REGULATIONS

subpart d - INTERPRETATIONS

550.408 - Imports from third countries; transshipments.

  (a) Imports into the United States from third countries of goods containing raw materials or components of Libyan origin are not prohibited if those raw materials or components have been incorporated into manufactured products or otherwise substantially transformed in a third country.

  (b) Imports into the United States of goods of Libyan origin which have been transshipped through a third country without being incorporated into manufactured products or otherwise substantially transformed in a third country are prohibited.

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