M. H. Garvey Co. v. United States

U.S. Customs Court

M. H. Garvey Co. v. United States

24 Cust. Ct. 362, 1950 Cust. Ct. LEXIS 1626

United States Customs Court·Decided January 30, 1950·No. No. 54000; protests 76243-K and 50019-K (Boston)·Published

Opinion

Opinion by

Ekwall, J.

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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Opinion by

Ekwall, J.

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.

M. H. Garvey Co. v. United States, 24 Cust. Ct. 362, 1950 Cust. Ct. LEXIS 1626 (cusc 1950).

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Opinion

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