Case Name: Protests 58086-K, etc., of Cluett Peabody & Co., Inc. (New York)
Court: United States Customs Court
Jurisdiction: United States
Decision Date: 1946
Citations: 16 Cust. Ct. 253
Docket Number: No. 50992
Parties: Protests 58086-K, etc., of Cluett Peabody & Co., Inc. (New York).
Judges: 
Reporter: United States Customs Court Reports
Volume: 16
Pages: 253–253

Head Matter:
No. 50992.
Protests 58086-K, etc., of Cluett Peabody & Co., Inc. (New York).

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 involved. The protests were overruled as to entry 806435 covered by protest 58086-K and entry 818428 covered by protest 62226-K.