Case: Gallagher & Ascher Co. v. United States
Abbreviation: Gallagher & Ascher Co. v. United States
Decision Date: 1949-05-04
Docket Number: No. 53094; protest 46028-K/89864 (Chicago)
Citation: 22 Cust. Ct. 300
Volume: 22
Reporter: United States Customs Court Reports
Court: United States Customs Court
Jurisdiction: United States
Parties: Gallagher & Ascher Co. v. United States,
Judges: 
Pages: 300–300

Head Matter:
Before the Third Division,
May 4, 1949
No. 53094.
Gallagher & Ascher Co. v. United States,
protest 46028-K/89864 (Chicago).

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. The protest was sustained to this extent.