Case Name: Independent Fur Brokers, Inc. v. United States
Court: United States Customs Court
Jurisdiction: United States
Decision Date: 1950-10-16
Citations: 25 Cust. Ct. 294
Docket Number: No. 54759; protest 71130-K (New York)
Parties: Independent Fur Brokers, Inc. v. United States,
Judges: 
Reporter: United States Customs Court Reports
Volume: 25
Pages: 294–295

Head Matter:
No. 54759.
Independent Fur Brokers, Inc. v. United States,
protest 71130-K (New York).

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 involved.