M. H. Garvey Co. v. United States
This text of 24 Cust. Ct. 362 (M. H. Garvey 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
Opinion by
It was stipulated that the issue herein is the same in all material respects as that presented in The Otto Gerdau Co. v. United States (21 Cust. Ct. 24, C. D. 1120) and Mamary Bros., Inc. v. United States (id. 135, C. D. 1142). In accordance therewith it was held that the currency of thein-voices 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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24 Cust. Ct. 362, 1950 Cust. Ct. LEXIS 1626, Counsel Stack Legal Research, https://law.counselstack.com/opinion/m-h-garvey-co-v-united-states-cusc-1950.