Wp_Schedule_Event every day at specific time

I write Following code to run my function every day at 16:20 ..

But I guess is the problem in code..

not working

Epoch timestamp: 1427488800

3/28/2015 1:10:00 AM

if( !wp_next_scheduled( 'import_into_db' ) ) {
wp_schedule_event( time('1427488800'), 'daily', 'import_into_db' );

function import_into_db(){

////My code

}
add_action('wp', 'import_into_db');
}