A. S. Leather Co. v. United States

U.S. Customs Court

A. S. Leather Co. v. United States

25 Cust. Ct. 226, 1950 Cust. Ct. LEXIS 94

United States Customs Court·Decided June 26, 1950·No. No. 54469; protests 55631-K, etc. (New York)·Published

Opinion

Opinion by

Ekwall, J.

It was stipulated that the issue herein is the same in all material respects as that presented in Mamary Bros., Inc. v. United States (21 Cust. Ct. 135, C. D. 1142). In accordance therewith it was held that the currency of the invoices should be converted at the buying rate in the New York market at noon on the day of exportation (the “free” rate of exchange for pounds sterling), as certified by the Federal Reserve bank and set forth by the collector on each of the entries involved.

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Opinion by

Ekwall, J.

It was stipulated that the issue herein is the same in all material respects as that presented in Mamary Bros., Inc. v. United States (21 Cust. Ct. 135, C. D. 1142). In accordance therewith it was held that the currency of the invoices should be converted at the buying rate in the New York market at noon on the day of exportation (the “free” rate of exchange for pounds sterling), as certified by the Federal Reserve bank and set forth by the collector on each of the entries involved.

A. S. Leather Co. v. United States, 25 Cust. Ct. 226, 1950 Cust. Ct. LEXIS 94 (cusc 1950).

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Opinion

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