Haspel Brothers, Inc. v. United States

U.S. Customs Court

Haspel Brothers, Inc. v. United States

21 Cust. Ct. 172, 1948 Cust. Ct. LEXIS 527

United States Customs Court·Decided June 30, 1948·No. No. 52442; protests 61767-K/12392 and 61766-K/12385 (New Orleans)·Published

Opinion

Opinion by

Ekwall, J.

In accordance with stipulation of counsel the court found that the facts herein agreed upon were such as to bring the case within the [173]*173holding in John Barr v. United States (11 Cust. Ct. 88, C. D. 801), which record was incorporated herein. (See John Barr v. United States, 324 U. S. 83.) 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. The protests were sustained to this extent.

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Opinion by

Ekwall, J.

In accordance with stipulation of counsel the court found that the facts herein agreed upon were such as to bring the case within the [173]*173holding in John Barr v. United States (11 Cust. Ct. 88, C. D. 801), which record was incorporated herein. (See John Barr v. United States, 324 U. S. 83.) 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. The protests were sustained to this extent.

Haspel Brothers, Inc. v. United States, 21 Cust. Ct. 172, 1948 Cust. Ct. LEXIS 527 (cusc 1948).

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Opinion

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