Case Name: F. Frisch, Inc. v. United States
Court: United States Customs Court
Jurisdiction: United States
Decision Date: 1952-05-01
Citations: 28 Cust. Ct. 466
Docket Number: No. 56616; protest 179537-K (New York)
Parties: F. Frisch, Inc. v. United States,
Judges: 
Reporter: United States Customs Court Reports
Volume: 28
Pages: 466–466

Head Matter:
Before the Third Division,
May 1, 1952
No. 56616.
protest 179537-K (New York).
F. Frisch, Inc. v. United States,

Opinion:
Opinion by
Eicwall, 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.) In accordance therewith it was held that the currency of the invoice 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 the entry involved.