Mexican Petroleum Corp. v. United States

McClelland, Presiding Judge:

During the month of October 1936, plaintiff corporation imported into the port of Baltimore 236,568 gallons of bunker oil from the Dutch West Indies and placed it in customs bonded storage tanks. Such oil was at that time subject to tax at the rate of one-half of 1 cent per gallon under the provisions of section 601 (c) (4) of the Revenue Act of 1932. It was, however, later sold to the Baltimore Mad Line, a subsidiary of the Roosevelt Steamship Co., Inc., and on November 2 of the same year was withdrawn from the bonded storage tardes and delivered under customs…