Case Name: Hochschild Kohn & 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. 53272; protest 53257-K (Baltimore)
Parties: Hochschild Kohn & Company v. United States,
Judges: 
Reporter: United States Customs Court Reports
Volume: 22
Pages: 344–344

Head Matter:
No. 53272.
Hochschild Kohn & Company v. United States,
protest 53257-K (Baltimore).

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 entry 3574. The protest was sustained to this extent.