Under the Finance Bill, the Federal Board of Revenue (FBR) has officially reduced Additional Customs Duty and Regulatory Duty on imported makeup items, perfumes, beauty tools, and lotions by 2 to 5 percent.
Sources say that due to this reduction, prices of imported brands are expected to decline noticeably in the coming days.
According to the Finance Bill, items benefiting from reduced duties include imported makeup kits, face powder, face highlighter, lipstick, lip gloss, and foundation creams.
In addition, taxes on imported eye makeup products such as eyeliners, mascaras, and other cosmetic accessories have also been reduced.
Imported perfumes, body sprays, lotions, face washes, facial creams, and moisturizers from global brands are also expected to become cheaper.Duty has also been reduced by 2 to 5 percent on imported hair styling tools such as straighteners and curlers.
Similarly, tax relief has been extended to imported hair dyes, hair lotions, hair removal creams, and even synthetic hair products.