Budget 2018 BITES Taxing the Upward Mobile
Import Duties on a host of Beauty & cosmetic products, including make-up preparations, sunscreens, perfumes, hair colours is doubled to 20%. The move will impact global players such as Sephora, South Korea based Innisfree, Bobbi Brown, Estee Lauder and Italy's Kiko Milano.
The exact implications will have to be understood, once the policy details are known.
Prices of cosmetics + grooming products may go up by 10-15%. Items that may be affected include sunscreen, haircare, shaving/after shave preparations, bathing products, deodorants.
Source: Economic Times of India | Feb 02, 2018 Edition