Case Name: Massachusetts Textile Company v. United States
Court: United States Customs Court
Jurisdiction: United States
Decision Date: 1949-04-21
Citations: 22 Cust. Ct. 287
Docket Number: No. 53048; protests 54453-K and 76804-K (New York)
Parties: Massachusetts Textile Company v. United States,
Judges: 
Reporter: United States Customs Court Reports
Volume: 22
Pages: 287–287

Head Matter:
Before the Third Division,
April 21, 1949
No. 53048.
Massachusetts Textile Company v. United States,
protests 54453-K and 76804-K (New York).

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 gnd set forth by the collector on each of the entries. The protests were sustained to this extent.