Ethanol Law (Ley del Alcohol Carburante)
The law aims to create the legal framework to regulate activities related to the production, storage, use, handling, transportation and marketing of fuel alcohol and its mixture.
The law creates a registry of biofuels producers and establishes the annual quota (volume of fuel alcohol) or overall target to supply the national market. It states that the prices will be set through the Domestic Trade Office (Direccion de Comercion Interior).
The law also establishes that producers are exempt from payment of import duties, customs duties and other related charges, including consular fees on machinery, equipment, spare parts, accessories, supplies, intermediate goods and additives.
Want to know more about this policy ? Learn more