The Peruvian Committee on Transport and Communications, chaired by Congressman Diaz Juvenal Silva (NSG), has introduced a bill to promote the import of Euro-3 compliant CNG, LPG and bi-fuel engines, by raising for consideration a number of tax incentives aimed at reducing custom duties and VAT cost to importers, reports La Republica. The bill proposes a period of five years for the scheme and will also include depreciation incentives for vehicle owners. The National Transport Confederation of Peru supports the bill, believing it’s introduction will reduce the number of unfit vehicles currently used for public transportation, and provide environmental benefits at the same time.
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