Geo. S. Bush & Co. v. United States

53 Cust. Ct. 397, 1964 Cust. Ct. LEXIS 2310

Opinion

Wilson, Judge:

This appeal for reappraisement has been submitted for decision upon the following stipulation of counsel for the respective parties:

IT IS HEREBY STIPULATED AND AGREED by and between counsel for the Plaintiff and the Assistant Attorney General for the United States, defendant, subject to the approval of the Court:

1. The merchandise marked “A” and initialed YWJ by Examiner V. W. Johnson on the invoices herein consists of Ascorbic Acid, exported from Denmark to the United States, during the period from 1/1/61 to 12/31/61.

2. Ascorbic Acid is on the final list promulgated by the Customs Simplification Act of 1956, published as T.D. 54521, in the Federal Register, issue of January 20,1958.

3. That at the time of exportation of such merchandise, its export value within the meaning of Section 402a (d) of the Tariff Act of 1930, as amended by the Customs Simplification Act of 1956, was less than its foreign value within the meaning of Section 402a (c) of that Act.

4. That foreign value as defined in section 402a (c) of the Tariff Act of 1930, as amended by the Customs Simplification Act of 1956, is the proper basis of determining the value for appraisement of this merchandise, and that such value is:

Period Value Rate exchange Basis

9/1/61 to 12/31/61 39. DK per kilo 96% official FV

4% import

rights

5. The appeal for reappraisement, as enumerated on Schedule 1 annexed hereto, may be submitted on this stipulation.

On the agreed facts, I find and hold foreign value, as that value is defined in section 402a (c) of the Tariff Act of 1930, as amended by the Customs Simplification Act of 1956, T.D. 54165, to be the proper basis for the determination of the value of the merchandise here involved and that such value for the period below indicated was as follows:

Period Value Rate exchange

9/1/61 to 12/31/61 39. DK per kilo 96% official

4% import

rights

Judgment will issue accordingly.