Case Name: Adolph Goldmark & Sons Corp. v. United States
Court: United States Customs Court
Jurisdiction: United States
Decision Date: 1947-06-30
Citations: 19 Cust. Ct. 112
Docket Number: No. 51833; protest 50133-K/90035 (Chicago)
Parties: Adolph Goldmark & Sons Corp. v. United States,
Judges: 
Reporter: United States Customs Court Reports
Volume: 19
Pages: 112–112

Head Matter:
No. 51833.
Adolph Goldmark & Sons Corp. v. United States,
protest 50133-K/90035 (Chicago).

Opinion:
Opinion by
Ekwall, J.
In accordance with stipulation of counsel the court found that the facts herein agreed upon were such as to bring the case within the holding in John Barr v. United States (11 Cust. Ct. 88, C. D. 801), which record was incorporated herein. (See John Barr v. United States, 324 U. S. 83.) In accordance therewith it was held that the currency of the invoice 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 the entry. The, protest was sustained to this extent.