Case: Protest 50924-K of Frank P. Dow Co., Inc. (Portland, Oreg.)
Abbreviation: Protest 50924-K of Frank P. Dow Co.
Decision Date: 1945-10-26
Docket Number: No. 50623
Citation: 15 Cust. Ct. 307
Volume: 15
Reporter: United States Customs Court Reports
Court: United States Customs Court
Jurisdiction: United States
Parties: Protest 50924-K of Frank P. Dow Co., Inc. (Portland, Oreg.).
Judges: 
Pages: 307–307

Head Matter:
No. 50623.
Protest 50924-K of Frank P. Dow Co., Inc. (Portland, Oreg.).

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 protest was sustained to this extent.