Independent Fur Brokers, Inc. v. United States

U.S. Customs Court

Independent Fur Brokers, Inc. v. United States

25 Cust. Ct. 294, 1950 Cust. Ct. LEXIS 384

CourtUnited States Customs Court

DecidedOctober 16, 1950

DocketNo. 54759; protest 71130-K (New York)

StatusPublished

This text of 25 Cust. Ct. 294 (Independent Fur Brokers, Inc. v. United States) is published on Counsel Stack Legal Research, covering United States Customs Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Independent Fur Brokers, Inc. v. United States, 25 Cust. Ct. 294, 1950 Cust. Ct. LEXIS 384 (cusc 1950).

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Opinion

[295]*295Opinion 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 invoice 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 the entry involved.

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[295]*295Opinion 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 invoice 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 the entry involved.

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25 Cust. Ct. 294, 1950 Cust. Ct. LEXIS 384, Counsel Stack Legal Research, https://law.counselstack.com/opinion/independent-fur-brokers-inc-v-united-states-cusc-1950.

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