Case: Independent Fur Brokers, Inc. v. United States
Abbreviation: Independent Fur Brokers, Inc. v. United States
Decision Date: 1950-10-16
Docket Number: No. 54759; protest 71130-K (New York)
Citation: 25 Cust. Ct. 294
Volume: 25
Reporter: United States Customs Court Reports
Court: United States Customs Court
Jurisdiction: United States
Parties: Independent Fur Brokers, Inc. v. United States,
Judges: 
Pages: 294–295

Head Matter:
No. 54759.
Independent Fur Brokers, Inc. v. United States,
protest 71130-K (New York).

Opinion:
Opinion by
Ekwall, J.
It was stipulated that the issue herein is the same in all material respects as that presented in Mamary Bros., Inc. v. United States (21 Cust. Ct. 135, C. D. 1142). 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.