Marak Sales Co. v. United States

U.S. Customs Court

Marak Sales Co. v. United States

39 Cust. Ct. 491

CourtUnited States Customs Court

DecidedNovember 13, 1957

DocketNo. 61345; protest 264611-K (New York)

StatusPublished

This text of 39 Cust. Ct. 491 (Marak Sales 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.

Bluebook

Marak Sales Co. v. United States, 39 Cust. Ct. 491 (cusc 1957).

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Opinion

Opinion by

Richardson, J.

At the trial, it was stipulated that the importing vessel did, in fact, leave Mexico on April 19, 1954. In view of the stipulation and following Abstract 47519, United States v. Abell Forwarding Co., Inc., 73 Treas. Dec. 1426, Reap. Dec. 4248, and Forman v. Peaslee, 9 Fed. Cas. 452, it was held that the rate of exchange in effect on the date of exportation, April 19, 1954, should have been used to convert the Mexican currency to American dollars in liquidating the involved entries. ( Accordingly, the protest was sustained, and the collector was directed to reliquidate the entries and make refund accordingly.

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Opinion by

Richardson, J.

At the trial, it was stipulated that the importing vessel did, in fact, leave Mexico on April 19, 1954. In view of the stipulation and following Abstract 47519, United States v. Abell Forwarding Co., Inc., 73 Treas. Dec. 1426, Reap. Dec. 4248, and Forman v. Peaslee, 9 Fed. Cas. 452, it was held that the rate of exchange in effect on the date of exportation, April 19, 1954, should have been used to convert the Mexican currency to American dollars in liquidating the involved entries. ( Accordingly, the protest was sustained, and the collector was directed to reliquidate the entries and make refund accordingly.

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Bluebook (online)

39 Cust. Ct. 491, Counsel Stack Legal Research, https://law.counselstack.com/opinion/marak-sales-co-v-united-states-cusc-1957.

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