This is the profile gasket used to seal all six spark plug hole gaskets between the valve cover and cylinder head on 2003-2005 E46 325i models with the M56 SULEV engine as well as the 2003-2006 325Ci SULEV. The M56 SULEV engine was the "Super-Ultra Low Emissions Vehicle" version of the E46 325i/325Ci as offered in California, New York, Massachusetts, and other CARB-emissions based states in model years 2003, 2004, 2005, and 2006.
A fresh spark plug hole gasket should be installed any time the valve cover is removed or if the existing gasket shows signs of leaking (oil in the spark plug holes).
This is the Genuine BMW made M56 spark plug hole gasket - the original you'd find at the BMW factory or a dealership. Buying an original BMW part means you are assured it meets all of BMW's original design, fitment, and performance requirements and is TUV approved.
BMW Fitments:
3 Series
E46 (99-05) > 325Ci
E46 (99-05) > 325i