This year, buyers may have to pay more for cosmetics, as in the proposed budget for the 2025–26 fiscal year, several products have been subjected to increased duties, including lipsticks.
Finance Adviser Dr Salehuddin Ahmed presented the proposed budget for the 2025-2026 fiscal year, amounting to Tk7,89,999 crore, in a televised speech on Monday.
Typically, the tariff changes proposed in the national budget come into immediate effect.
As a result, any hike in import duties often leads to a rise in retail prices.
The minimum customs valuation for beauty products used on the lips, eyes, and face has been significantly raised.
This means higher duties will be collected on imports of these items, which in turn may drive up prices for consumers.
