Case: Protest 54519-K of Altman & Kuhne, Inc. (New York)
Abbreviation: Protest 54519-K of Altman & Kuhne, Inc.
Decision Date: 1945-07-25
Docket Number: No. 50376
Citation: 15 Cust. Ct. 241
Volume: 15
Reporter: United States Customs Court Reports
Court: United States Customs Court
Jurisdiction: United States
Parties: Protest 54519-K of Altman & Kuhne, Inc. (New York).
Judges: 
Pages: 241–241

Head Matter:
Before the Third Division,
July 25, 1945
No. 50376.
Protest 54519-K of Altman & Kuhne, Inc. (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, decided February 5, 1945.) 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 thé 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. The protest was sustained to this extent.