Yolande Corp. v. United States

U.S. Customs Court

Yolande Corp. v. United States

29 Cust. Ct. 420, 1952 Cust. Ct. LEXIS 1660

CourtUnited States Customs Court

DecidedDecember 11, 1952

DocketNo. 56989; protest 182220-K (New York)

StatusPublished

This text of 29 Cust. Ct. 420 (Yolande Corp. 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.

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Yolande Corp. v. United States, 29 Cust. Ct. 420, 1952 Cust. Ct. LEXIS 1660 (cusc 1952).

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Opinion

[421]*421Opinion by

Ekwall, J.

At the trial, the collector's amended memorandum in answer to the protest, together with all the official entry papers, was received in evidence. The memorandum stated that the merchandise was exported from Havre, Prance, on June 6, 1948, and that the Federal Reserve bank had certified two rates for the French franc, the “official” rate being $0.004671 and the “free” rate $0.003270. Through inadvertence, the liquidation was made on the basis of the official rate. On the basis of this report, Government counsel conceded that the entries should be reliquidated by converting the French franc at the aforesaid dual rates, computed in the manner outlined in Bureau of Customs Circular Letter No. 2675, dated October 19, 1949, under authority of Abstract 54732. On the record presented and following the cited decision it was held that the currency of the invoice should have been converted in the manner directed by the judgment of this court in said Abstract 54732.

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[421]*421Opinion by

Ekwall, J.

At the trial, the collector's amended memorandum in answer to the protest, together with all the official entry papers, was received in evidence. The memorandum stated that the merchandise was exported from Havre, Prance, on June 6, 1948, and that the Federal Reserve bank had certified two rates for the French franc, the “official” rate being $0.004671 and the “free” rate $0.003270. Through inadvertence, the liquidation was made on the basis of the official rate. On the basis of this report, Government counsel conceded that the entries should be reliquidated by converting the French franc at the aforesaid dual rates, computed in the manner outlined in Bureau of Customs Circular Letter No. 2675, dated October 19, 1949, under authority of Abstract 54732. On the record presented and following the cited decision it was held that the currency of the invoice should have been converted in the manner directed by the judgment of this court in said Abstract 54732.

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Bluebook (online)

29 Cust. Ct. 420, 1952 Cust. Ct. LEXIS 1660, Counsel Stack Legal Research, https://law.counselstack.com/opinion/yolande-corp-v-united-states-cusc-1952.