Acme Watch Co. v. United States

Ekwall, Judge:

These cases, which have been consolidated, involve the question of the proper rate at which the currency of the invoices (Swiss francs), covering certain Swiss watch movements and watchcases, should be converted into United States dollars under the provisions of section 522 (c) of the Tariff Act of 1930 (31 U. S. C. 1940 ed. § 372). The claim specifically is that in liquidation the “free” rate of exchange was used, whereas the Swiss francs should have been converted at the “official” rate. Said liquidations were had pursuant to a decision of this court reported in Abstract…