Case Name: General Hide & Skin Corp. v. United States
Court: United States Customs Court
Jurisdiction: United States
Decision Date: 1950-12-07
Citations: 25 Cust. Ct. 336
Docket Number: No. 54951; protests 66361-K and 92284-K (New York)
Parties: General Hide & Skin Corp. v. United States,
Judges: 
Reporter: United States Customs Court Reports
Volume: 25
Pages: 336–336

Head Matter:
Before the Third Division,
December 7, 1950
No. 54951.
General Hide & Skin Corp. v. United States,
protests 66361-K and 92284-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 The Otto Gerdau Co. v. United States (21 Cust. Ct. 24, C. D. 1120) and Mamary Bros., Inc. v. United States (id. 135, C. D. 1142). 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 entries 67467 and 819098.