York St. Flax Spinning Co. v. United States

U.S. Customs Court

York St. Flax Spinning Co. v. United States

22 Cust. Ct. 273, 1949 Cust. Ct. LEXIS 1434

United States Customs Court·Decided March 29, 1949·No. No. 52972; protests 57276-K, etc. (New York)·Published

Opinion

Opinion by

Ekwall, J.

It was stipulated that the facts and the issue herein are the same in all material respects as those presented in Mamary Bros., Inc. v. United States (21 Cust. Ct. 135, C. D. 1142). In accordance therewith it was held that the currency of the invoices 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. The protests were sustained to this extent.

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Opinion by

Ekwall, J.

It was stipulated that the facts and the issue herein are the same in all material respects as those presented in Mamary Bros., Inc. v. United States (21 Cust. Ct. 135, C. D. 1142). In accordance therewith it was held that the currency of the invoices 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. The protests were sustained to this extent.

York St. Flax Spinning Co. v. United States, 22 Cust. Ct. 273, 1949 Cust. Ct. LEXIS 1434 (cusc 1949).

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22 Cust. Ct. 273 (York St. Flax Spinning Co. v. United States) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Opinion

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