Case: Petition 5698-R of American Import Co. (Galveston)
Abbreviation: Petition 5698-R of American Import Co.
Decision Date: 1939-12-01
Docket Number: No. 42733
Citation: 3 Cust. Ct. 485
Volume: 3
Reporter: United States Customs Court Reports
Court: United States Customs Court
Jurisdiction: United States
Parties: Petition 5698-R of American Import Co. (Galveston).
Judges: 
Pages: 485–486

Head Matter:
No. 42733.
Petition 5698-R of American Import Co. (Galveston).

Opinion:
Opinion by
Keefe, J.
It was established that the advance in value was caused by a change in the rate of exchange used in converting reichmarks into dollars. On the evidence presented it was found that there was no intention to defraud the revenue. The petition was therefore granted.