Case Name: Protest 47446-K of Samuel Shapiro & Co., Inc. (Baltimore)
Court: United States Customs Court
Jurisdiction: United States
Decision Date: 1946
Citations: 16 Cust. Ct. 289
Docket Number: No. 51138
Parties: Protest 47446-K of Samuel Shapiro & Co., Inc. (Baltimore).
Judges: 
Reporter: United States Customs Court Reports
Volume: 16
Pages: 289–289

Head Matter:
No. 51138.
Protest 47446-K of Samuel Shapiro & Co., Inc. (Baltimore).

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 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 the entry. The protest was sustained to this extent.