Case Name: M. H. Garvey Company and Wm. Goodacre & Sons, Ltd. v. United States
Court: United States Customs Court
Jurisdiction: United States
Decision Date: 1950-01-30
Citations: 24 Cust. Ct. 362
Docket Number: No. 54000; protests 76243-K and 50019-K (Boston)
Parties: M. H. Garvey Company and Wm. Goodacre & Sons, Ltd. v. United States
Judges: 
Reporter: United States Customs Court Reports
Volume: 24
Pages: 362–362

Head Matter:
No. 54000.
M. H. Garvey Company and Wm. Goodacre & Sons, Ltd. v. United States
protests 76243-K and 50019-K (Boston).

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 thein-voices 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 involved.