Code of Federal Regulations · Section
§ 159.35 — Certified Daily Rate
19 C.F.R. § 159.35
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The daily buying rate of foreign currency which is determined by the Federal Reserve Bank of New York and certified to the Secretary of the Treasury in accordance with 31 U.S.C. 5151(e) shall be used for the conversion of foreign currency whenever a proclaimed rate or certified quarterly rate is not applicable under the provisions of §§ 159.33 and 159.34. If the date of exportation is one on which banks are generally closed in New York City, then the certified daily rate for the last preceding business day shall be considered the certified daily rate for the day of exportation.
Authorizing Statute
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Conversion of currency of foreign countries31 U.S.C. § 5151
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Rules and forms prescribed by Secretary19 U.S.C. § 66
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Entry for warehouse19 U.S.C. § 1557
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Effective date of rates of duty19 U.S.C. § 1315
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Marking of imported articles and containers19 U.S.C. § 1304
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Administrative exemptions19 U.S.C. § 1321
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Countervailing duties imposed19 U.S.C. § 1671
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Agreements involving restrictions in favor of imported goods15 U.S.C. § 73
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Petitions by domestic interested parties19 U.S.C. § 1516
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Tare and draft19 U.S.C. § 1507
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No remission or refund after release of merchandise19 U.S.C. § 1558