Case Name: Petition 5698-R of American Import Co. (Galveston)
Court: United States Customs Court
Jurisdiction: United States
Decision Date: 1939-12-01
Citations: 3 Cust. Ct. 485
Docket Number: No. 42733
Parties: Petition 5698-R of American Import Co. (Galveston).
Judges: 
Reporter: United States Customs Court Reports
Volume: 3
Pages: 485–486

Head Matter:
No. 42733.
Petition 5698-R of American Import Co. (Galveston).

Opinion:
Opinion by
Keefe, J.
It was established that the advance in value was caused by a change in the rate of exchange used in converting reichmarks into dollars. On the evidence presented it was found that there was no intention to defraud the revenue. The petition was therefore granted.