Case Name: Leather Import & Mfg. Co., Inc., et al. v. United States
Court: United States Customs Court
Jurisdiction: United States
Decision Date: 1949-04-21
Citations: 22 Cust. Ct. 288
Docket Number: No. 53052; protests 54480-K, etc. (New York)
Parties: Leather Import & Mfg. Co., Inc., et al. v. United States,
Judges: 
Reporter: United States Customs Court Reports
Volume: 22
Pages: 288–289

Head Matter:
No. 53052.
Leather Import & Mfg. Co., Inc., et al. v. United States,
protests 54480-K, etc. (New York).

Opinion:
Opinion by
Ekwall, J.
It was stipulated that the issue herein is the same in all material respects as that 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.