Case Name: D. Hecht & Company v. United States
Court: United States Customs Court
Jurisdiction: United States
Decision Date: 1949-06-15
Citations: 22 Cust. Ct. 344
Docket Number: No. 53274; protest 58951-K (San Francisco)
Parties: D. Hecht & Company v. United States,
Judges: 
Reporter: United States Customs Court Reports
Volume: 22
Pages: 344–344

Head Matter:
No. 53274.
D. Hecht & Company v. United States,
protest 58951-K (San Francisco).

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 invoice 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.