Case: Altshul Stern & Co. et al. v. United States
Abbreviation: Stern v. United States
Decision Date: 1947-11-19
Docket Number: No. 52047; protests 118593-K, etc. (New York)
Citation: 19 Cust. Ct. 177
Volume: 19
Reporter: United States Customs Court Reports
Court: United States Customs Court
Jurisdiction: United States
Parties: Altshul Stern & Co. et al. v. United States,
Judges: 
Pages: 177–177

Head Matter:
No. 52047.
Altshul Stern & Co. et al. v. United States,
protests 118593-K, etc. (New York).

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 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 protests were sustained to this extent.