[Code of Federal Regulations]

[Title 19, Volume 2]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 19CFR159.33]



[Page 232]

 

                        TITLE 19--CUSTOMS DUTIES

 

   CHAPTER I--BUREAU OF CUSTOMS AND BORDER PROTECTION, DEPARTMENT OF 

        HOMELAND SECURITY; DEPARTMENT OF THE TREASURY (CONTINUED)

 

PART 159_LIQUIDATION OF DUTIES--Table of Contents

 

                Subpart C_Conversion of Foreign Currency

 

Sec.  159.33  Proclaimed rate.



    If a rate of exchange has been proclaimed by the Secretary of the 

Treasury in accordance with 31 U.S.C. 5151(b) for the currency involved, 

such proclaimed rate shall be used unless it varies by 5 percent or more 

from the certified daily rate for the date of exportation as set forth 

in Sec.  159.35. In determining the percentage of variation between the 

proclaimed rate and the certified rate, the difference between the two 

rates shall be divided by the certified rate.



[T.D. 73-175, 38 FR 17482, July 2, 1973, as amended by T.D. 97-82, 62 FR 

51771, Oct. 3, 1997]