Case ID: cust-ct_39/html/0491-01.html
Source: Caselaw Access Project
Author: {"author": "Richardson, J.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

No. 61345.
    protest 264611-K (New York).
    Marak Sales Co. v. United States,
   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.