Case Name: Satisfaction Supply Co. v. United States
Court: United States Customs Court
Jurisdiction: United States
Decision Date: 1949-11-22
Citations: 23 Cust. Ct. 211
Docket Number: No. 53734; protest 58646-K (New York)
Parties: Satisfaction Supply Co. v. United States,
Judges: 
Reporter: United States Customs Court Reports
Volume: 23
Pages: 211–211

Head Matter:
Before the Third Division,
November 22, 1949
No. 53734.
protest 58646-K (New York).
Satisfaction Supply Co. v. United States,

Opinion:
Opinion by
Ekwall, J.
It was stipulated that thé 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 the entry. The protest was sustained to this extent.