Case: C. Parsons & Son, Ltd., et al. v. United States
Abbreviation: C. Parsons & Son, Ltd. v. United States
Decision Date: 1951-06-07
Docket Number: No. 55638; protests 48386-K, etc. (Boston)
Citation: 26 Cust. Ct. 452
Volume: 26
Reporter: United States Customs Court Reports
Court: United States Customs Court
Jurisdiction: United States
Parties: C. Parsons & Son, Ltd., et al. v. United States,
Judges: 
Pages: 452–453

Head Matter:
No. 55638.
C. Parsons & Son, Ltd., et al. v. United States,
protests 48386-K, etc. (Boston).

Opinion:
Opinion by
Ekwall, J.
It was stipulated that the issue herein is the same in all material respects as that presented in The Otto Gerdau Co. v. United States (21 Cust. Ct. 24, C. D. 1120) and Mamary Bros., Inc. v. United States (id. 135, C. D. 1142). 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.