Johnson v. United States

U.S. Customs Court

Johnson v. United States

29 Cust. Ct. 381, 1952 Cust. Ct. LEXIS 1568

United States Customs Court·Decided October 7, 1952·No. No. 56888; protests 41299-K, 41300-K, and 41306-K (Providence)·Published

Opinion

Opinion 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 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.

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Opinion 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 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.

Johnson v. United States, 29 Cust. Ct. 381, 1952 Cust. Ct. LEXIS 1568 (cusc 1952).

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Opinion

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