Atlantic Metal Hose Co. v. United States

U.S. Customs Court

Atlantic Metal Hose Co. v. United States

22 Cust. Ct. 272, 1949 Cust. Ct. LEXIS 1432

United States Customs Court·Decided March 29, 1949·No. No. 52970; protests 54523-K, etc. (New York)·Published

Opinion

[273]*273Opinion 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 naarket.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. The protests were sustained to this extent.

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[273]*273Opinion 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 naarket.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. The protests were sustained to this extent.

Atlantic Metal Hose Co. v. United States, 22 Cust. Ct. 272, 1949 Cust. Ct. LEXIS 1432 (cusc 1949).

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Opinion

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