Dhaka, April 5 -- The Bangladesh Trade and Tariff Commission (BTTC) suggested exemption of supplementary duty (SD) on the import of raw materials for colour cosmetics and skin care items to help the budding local cosmetics industry prosper.
It also recommended determining a specific duty on per kilogram of colour cosmetics.
The state agency recently submitted the recommendations to the Commerce Ministry regarding the issue.
Currently, the local annual demand for color cosmetics and skin care items is of Tk13,000 crore and Tk21,000 crore respectively, according to the BTTC document.
In case of the import of each lipstick, the net weight of each imported lipstick is 3.5-4.0 gram.
Accordingly, the number of lipsticks imported is 250 to 30...