Case Name: Protests 54514-K, etc., of Dodge & Olcott Co. et al. (New York)
Court: United States Customs Court
Jurisdiction: United States
Decision Date: 1945-06-21
Citations: 15 Cust. Ct. 212
Docket Number: No. 50287
Parties: Protests 54514-K, etc., of Dodge & Olcott Co. et al. (New York).
Judges: 
Reporter: United States Customs Court Reports
Volume: 15
Pages: 212–213

Head Matter:
No. 50287.
Protests 54514-K, etc., of Dodge & Olcott Co. et al. (New York).

Opinion:
Opinion by
Ekwall, J.
In accordance witli 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 rat.e 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 protests were sustained to this extent.