C1420 Peugeot 404 is defined as Camshaft Position Sensor A Circuit Low. This means the CMP (camshaft position) sensor circuit on engine bank 1 sends an irregular reading. As you drive and when specific conditions are slowly met, the vapors will gradually purge from the charcoal canister and will get burned within your engine.
Possible Causes :
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Look for missing ground strap or a rusty ground where the fuel tank is grounded to the frame. Check for damage to the wiring harness connector. If the scan tool has that capability, and the scan tool can operate the IMRC valves, then the problem is either resolved and a simple code clearing is all that's left or a new PCM would be called for.
Diagnostic trouble code C1420 Peugeot 404 is not difficult to diagnose and repair. Thus, it always pays to have a qualified technician to look after your vehicle should this error code arise.
Diagnosing this code requires the engine to be in good running shape, without unmetered air entering the engine. If other codes that relates to misfiring condition, lean running or air entering the engine is present, then you must first fix those error codes before C1420 Peugeot 404.
Fortunately, C1420 Peugeot 404 is a fairly common OBD code, meaning that it applies to all makes and models of vehicles made after 1996.