(1.) The subject matter of controversy in this writ application is the liability of the petitioner to pay interest on goods warehoused by the petitioner under Section 59 of the Customs Act, 1962.
(2.) The goods in question being 207.601 LDPE Granules, arrived on 28 November 1990 from Hongkong by SS Vishwa Prafulla. On 4th December 1990 the Bill of Entry for warehousing was filed under Section 59 of the Act. A separate portion of the goods arrived subsequently by another ship. However the facts relating to the separate portion are immaterial for the purposes of this case.
(3.) On 2nd November 1989 a public notice No. 406/89 was issued by the Collector of Customs to the following effect: