Case: Holzer Company v. United States
Abbreviation: Holzer Co. v. United States
Decision Date: 1954-09-30
Docket Number: No. 58408; protest 166150-K (Philadelphia)
Citation: 33 Cust. Ct. 369
Volume: 33
Reporter: United States Customs Court Reports
Court: United States Customs Court
Jurisdiction: United States
Parties: Holzer Company v. United States,
Judges: 
Pages: 369–369

Head Matter:
Before the Third Division,
September 30, 1954
No. 58408.
protest 166150-K (Philadelphia).
Holzer Company v. United States,

Opinion:
Ekwall, Judge:
This case involves the rate at which the currency of the invoice, Swiss francs, should be converted into United States dollars under section 522 of the Tariff Act of 1930. The collector, in liquidation, adopted the "free" rate which plaintiff claims is illegal. Plaintiff contends that the "official" rate of exchange should have been used. '
At the hearing, it was stipulated that, in view of the CIE circular in evidence, the merchandise would be returned at the official rate of exchange. Upon this stipulation, together with the exhibit, the case was submitted.
In view of the agreement of counsel, we sustain plaintiff's claim and hold that the "official" rate of exchange should have been used in-liquidation. Judgment will be rendered accordingly.