James Loudon & Co. v. United States
This text of 34 Cust. Ct. 510 (James Loudon & Co. 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.
Opinion
This appeal for reappraisement has been submitted for decision upon the following stipulation of counsel for the parties hereto:
It is hereby stipulated as follows concerning the merchandise referred to below:
1) The merchandise covered by this appeal consists of fuses imported from Switzerland.
2) At the time of exportation no foreign value, export value, nor United States value existed for such or similar merchandise, and the cost of production thereof was 87.93 Swiss francs per thousand pieces, said cost being comprised of the following:
a) Material and fabrication_65. 14
b) Usual general expenses_14. 83
c) Packing_ . 22
d) Profit_ 7. 74
87. 93
3)Upon this stipulation the appeal may be deemed to be submitted, and to be abandoned as to all other merchandise.
On the agreed facts I find the cost of production, as that value is defined in section 402 (f) of the Tariff Act of 1930, to be the proper basis for the determination of the value of the fuses here involved, and that such value was 87.93 Swiss francs per thousand pieces.
[511]*511The appeal having been abandoned insofar as it relates to all other merchandise, to that extent the appeal is dismissed.
Judgment will be entered accordingly.
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34 Cust. Ct. 510, Counsel Stack Legal Research, https://law.counselstack.com/opinion/james-loudon-co-v-united-states-cusc-1955.