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<h1>Late Equalisation Levy Payments Attract 1% Monthly Interest; See Sections 166 or 166A, Finance Act 2020 Amendments.</h1> Every assessee or e-commerce operator who fails to credit the equalisation levy to the Central Government's account within the specified period must pay simple interest at a rate of one percent for each month or part thereof that the payment is delayed. This requirement is outlined under sections 166 or 166A, as amended by the Finance Act, 2020.