Case Name: American Express Co. et al. v. United States
Court: United States Customs Court
Jurisdiction: United States
Decision Date: 1949-04-27
Citations: 22 Cust. Ct. 296
Docket Number: No. 53082; protests 38993-K/ 89548, etc. (Chicago)
Parties: American Express Co. et al. v. United States,
Judges: 
Reporter: United States Customs Court Reports
Volume: 22
Pages: 296–296

Head Matter:
Before the Third Division,
April 27, 1949
No. 53082.
American Express Co. et al. v. United States,
protests 38993-K/ 89548, etc. (Chicago).

Opinion:
Opinion by
Ekwall, J.
It was stipulated that the issue herein is the same in all material respects as that presented in Mammy 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. The protests were sustained to this extent.