10. Interest on failure to pay electricity duty.-

Every person who is liable to pay electricity duty in accordance with the provisions of this Act and the rules made thereunder, fails to pay the electricity duty or any part thereof to the State Government within the prescribed period, shall for the period for which the electricity duty or any part thereof remains unpaid, pay, on his own, interest at the rate of eighteen per cent per annum on the amount remaining unpaid for the period commencing from the day immediately succeeding the date specified for such payment and ending with the day on which such payment is made.