Case: D. P. Brown & Company v. United States
Abbreviation: Brown v. United States
Decision Date: 1948-12-29
Docket Number: No. 52772; protest 56301-K (Philadelphia)
Citation: 22 Cust. Ct. 216
Volume: 22
Reporter: United States Customs Court Reports
Court: United States Customs Court
Jurisdiction: United States
Parties: D. P. Brown & Company v. United States,
Judges: 
Pages: 216–216

Head Matter:
Before the Third Division,
December 29, 1948
No. 52772.
D. P. Brown & Company v. United States,
protest 56301-K (Philadelphia) .

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.) 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 entry 7087. The protest was sustained to this extent.