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<h1>Interest on unpaid import duty accrues until payment when duty is not paid within prescribed presentation or return timelines.</h1> Amendment prescribes that import duty must be paid on the date of presentation for self-assessment, within one day (excluding holidays) after return by the proper officer for assessed, reassessed or provisionally assessed bills, or on a rules specified due date for deferred payment; failure to pay within these times attracts interest on unpaid or short paid duty until payment, at a rate to be fixed by the Central Government by notification in the Official Gazette.