Tariff benefits for bioethanol production

The Ministry of Foreign Trade approved the import of equipment needed for the production of bioethanol.

At the request of a company, with which the state signed an investment agreement for the safeguards and tariffs exemption affecting the import of machinery that would be used for distillation and the production of biofuel, the Comex decided to adopt a general measure to defer at 0% ad valorem the import subheadings related to this industry. In particular those dedicated to the distillation, a process needed to acquire nationwide the Ecopais gas.

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8355544&idcat=38229&tipo=2