Dhaka, June 11 -- The government has cut import duties on two raw materials used in skincare and beauty manufacturing, a move that could bring down the cost of locally produced cosmetics.

The proposed budget for 2026-27, placed in parliament on Thursday, also lowers the minimum assessable value on seven categories of beauty products -- including lipstick, skin cream, moisturising lotion, and facewash -- which could offer some relief to consumers on imported goods as well.

Presenting the Tk 9.38 trillion budget, Finance Minister Amir Khosru Mahmud Chowdhury said the supplementary duty on two raw materials used in local skincare and beauty production would be cut from 30 percent to 10 percent to encourage domestic manufacturers.

The redu...