Atlas Trading Co. v. United States

Eicwall, Judge:

This is an appeal from a finding of value made by the United States appraiser at the port of Los Angeles, Calif., upon an importation of wool booked rugs from Tientsin, China. The invoice was certified on January 16, 1940. The sailing date is stated on the entry as February 16, 1940. The values stated in the invoice are United States dollars, with certain charges which are included therein, expressed in F. R. B. dollars. The rate of exchange is stated on said invoice to be “14.” The unit values set forth in the invoice are as follows:

862% sq. ft. @ US $.14 per sq. ft. F. O.…