Case Name: Protest 52880-K/12311 of Haspel Brothers, Inc. (New Orleans)
Court: United States Customs Court
Jurisdiction: United States
Decision Date: 1945-11-09
Citations: 15 Cust. Ct. 315
Docket Number: No. 50649
Parties: Protest 52880-K/12311 of Haspel Brothers, Inc. (New Orleans).
Judges: 
Reporter: United States Customs Court Reports
Volume: 15
Pages: 315–316

Head Matter:
No. 50649.
Protest 52880-K/12311 of Haspel Brothers, Inc. (New Orleans).

Opinion:
Opinion by
Ekwall, J.
In accordance with stipulation of counsel the court found that the facts herein agreed upon were such as to bring the.case within the holding in John Barr v. United States (11 Cust. Ct. 88, C. D. 801), which record was incorporated herein. (See John Barr v. United States, 324 U. S. 83, decided February 5, 1945.) 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 protest was sustained to this extent.