Socony Vacuum Oil Co. v. United States

This is an appeal from a judgment of the United States Customs Court, Third Division, entered pursuant to its decision (C. D. 1777), overruling a protest against the collector’s assessment of internal revenue tax on an importation of crude petroleum imported from Venezuela.

The merchandise here involved was entered free of duty under paragraph 1733 of the Tariff Act of 1930 but was assessed by the collector with internal revenue tax at the rate of one-fourth of one cent per gallon under section 3422 of the Internal Revenue Code, as modified by the trade agreement with Venezuela, T. D. 50015.

The…