Socony Vacuum Oil Co. v. United States

Johnson, Judge:

The merchandise involved in this case consists of crude petroleum imported from Venezuela on or about March 15, 1952. It was entered free of duty under paragraph 1733 of the Tariff Act of 1930, but was assessed with internal revenue tax at the rate of one-fourth of 1 cent per gallon under section 3422 of the Internal Revenue Code [as modified by the trade agreement with Venezuela, *215T. D. 50015], TRe protest does not attack the rate of tax, but claims that it was assessed on too great a quantity of merchandise; that it should have been assessed only on the net quantity actually…