Kaufmann Department Stores, Inc. v. United States

U.S. Customs Court

Kaufmann Department Stores, Inc. v. United States

22 Cust. Ct. 291

United States Customs Court·Decided April 26, 1949·No. No. 53059; protest 49357-K (Pittsburgh)·Published

Opinion

[292]*292Opinion 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 thatthe 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 entries 2, 636, and 638. The protest was sustained to this extent.

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[292]*292Opinion 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 thatthe 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 entries 2, 636, and 638. The protest was sustained to this extent.

Kaufmann Department Stores, Inc. v. United States, 22 Cust. Ct. 291 (cusc 1949).

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Opinion

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