CORVO CYCLES LTD.
Plot No. 43-46, Sector-01
KEPZ, North Patenga, Chittagong, Bangladesh
Tel: 031-2502526
E-mail: info@corvoltd.com


Section III
Part A:
  1. Briefly describe the production process undertaken in country of origin with respect to production of the imported good. Also, state which of the originating criteria prescribed in the Rules of Origin has been claimed. For example, WO, RVC + CTH/CTSH or CTH or CC or RVC, etc.
    [WO: Wholly Obtained; RVC: Regional Value Content; CTH: Change in Tariff Head; CTSH: Change in Tariff Sub-Head; CC: Change in Chapter]

    • RVC - Regional Value Content ( Manufacture of Bicycle Frames , Rims, with phosphate & paint shop operations , wheel building , assembly and Packaging operations at Bangladesh )
Note 1: Where the good is claimed to be "Wholly Obtained", mention the process through which it is claimed to fall under this category. Each trade agreement lists out such processes under a specific rule and may vary from agreement to agreement.

Examples:
  • goods obtained by hunting or trapping within the land territory, or fishing or aquaculture conducted within the internal waters or within the territorial sea of the Party;
  • goods produced on board factory ships from the goods referred to in preceeding paragraph, provided that such factory ships are registered or recorded with a Party and fly its flag.
Note 2: If the goods are not wholly obtained, the manufacturing/processing undertaken in country of origin must be ascertained.

Description of goods Production process Originating Criterion
1. Bicycle Frames(Cutting/Fabricating/Welding & Heat Treatment where applicable) Bangladesh
2. Bicycle Rims (Cutting/Rolling/Punching/Aligning & CNC where applicable) Bangladesh
3. Bicycle Manufacturing with phosphate chemical processing/ Painting / Sticker decaling / wheel building & assembling Bangladesh
4. Quality Testing & Packaging Bangladesh

Part B:
(To be filled if originating criteria is NOT wholly obtained, for each of such good under import, on separate sheets)
  1. State the following information for each originating material or component used in production of good subject to this request. If no originating material/components were used, same should be indicated as “None”.
Description of good under import and its classification (8 digit):

Description of the originating Materials or Component Whether manufactured by producer of final good Whether procured by producer locally from a third party In case procured from third party, did producer of final good seek conformation and documentary proof of origin of these component?
(Yes/No) (Yes/No) (Yes/No)
1. Bicycle Frames (0.00%) NO YES YES
2. Bicycle RIMs (0.00%) NO YES YES
3. Packaging (0.00%) NO YES YES
4. Operational Cost, Factory Overheads, Transportation & Profits etc (0.00%) NO - -

Note:
If origin of any of the components used in manufacture of final good cannot be ascertained, same should be treated as non-originating.

a. Is the de minimis provision used to determine whether the good subject to this request qualifies as an originating good?
  • No
If yes, describe such material and the percentage value or quantity as applicable.
b. Is the accumulation/cumulation provision applied to determine whether the good subject to this request qualifies as an originating good?
  • No
If yes, describe the manner and extent of cumulation.
c. Has any other additional criteria such as indirect/neutral materials, packing materials, etc. used in ascertaining whether the good qualifies as an originating good.       ☑   Yes

If yes, provide the criteria used: Packing & /Labels
Describe the material concerned: Export Grade Cartons with Buyer Logo and Printing
d. Is the originating criteria based on value content?       ☑   Yes

If yes, provide the following:
(i) percentage of local value content: 0%
(ii) components which constitute value addition (e.g. Frames , Rims , operational & overhead cost, Profits etc.)
e. Has CTC rule been applied for meeting originating criteria?
  • No
If yes, provide HS of non-originating material/components used in production of good:
f. Has process rule been applied in ascertaining origin of good subject to this request?
  • Yes
If yes, provide the rule applied: Under the SAFTA 35% local value addition
g. Has the CoO been issued retrospectively?
  • Yes
If yes, provide reasons for same:
h. Has the consignment in question been directly shipped from country of origin?
  • Yes
If not, then has it been ascertained that same is as per provisions of the concerned agreement? YES
How has it been ascertained that goods have met the prescribed conditions of Direct Shipment? As certified by the Bangladesh Export Promotion Bureau.