Thermal Syndicate, Ltd. v. United States

U.S. Customs Court

Thermal Syndicate, Ltd. v. United States

24 Cust. Ct. 321, 1949 Cust. Ct. LEXIS 1902

CourtUnited States Customs Court

DecidedDecember 28, 1949

DocketNo. 53857; petition 6735-R (New York)

StatusPublished

This text of 24 Cust. Ct. 321 (Thermal Syndicate, Ltd. 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

Thermal Syndicate, Ltd. v. United States, 24 Cust. Ct. 321, 1949 Cust. Ct. LEXIS 1902 (cusc 1949).

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Opinion

Opinion by

Lawrence, J.

An examination of the record disclosed that the merchandise was entered and appraised at list prices less a discount of 20 percent; that investigation abroad by the Government at the instigation of petitioner herein subsequently developed that due to postwar readjustment the value of the merchandise should be the list prices without the allowance of any discount; and upon collector’s appeal for reappraisement, petitioner did not controvert the new basis of valuation. After a full consideration of the record, the court was satisfied that there was no intent to defraud the revenue of the United States or to conceal or misrepresent the facts of the case or to deceive the appraiser as to the value of the merchandise. The petition was therefore granted.

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Opinion by

Lawrence, J.

An examination of the record disclosed that the merchandise was entered and appraised at list prices less a discount of 20 percent; that investigation abroad by the Government at the instigation of petitioner herein subsequently developed that due to postwar readjustment the value of the merchandise should be the list prices without the allowance of any discount; and upon collector’s appeal for reappraisement, petitioner did not controvert the new basis of valuation. After a full consideration of the record, the court was satisfied that there was no intent to defraud the revenue of the United States or to conceal or misrepresent the facts of the case or to deceive the appraiser as to the value of the merchandise. The petition was therefore granted.

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24 Cust. Ct. 321, 1949 Cust. Ct. LEXIS 1902, Counsel Stack Legal Research, https://law.counselstack.com/opinion/thermal-syndicate-ltd-v-united-states-cusc-1949.