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

United States Customs Court·Decided October 16, 1950·No. No. 54759; protest 71130-K (New York)·Published

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.

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

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25 Cust. Ct. 294 (Independent Fur Brokers, Inc. v. United States) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Opinion

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