Budget 2026-27 discussions are gaining momentum, with possible Relief being considered for the beauty, grooming, and fitness industries. The proposals aim to reduce import duties on key raw materials and equipment.
Officials are reviewing Customs Notifications 1151 and 1152. The proposed changes suggest an overall duty reduction of around 2 to 5 percent on selected categories. If approved, this could provide significant Relief to businesses facing rising operational costs.
One major proposal includes reducing import duties on raw materials used in beauty salons. This includes imported cosmetic ingredients and hair-care products. The current duty of 44 percent may be reduced to 40 percent.
Sunscreen and sunblock products used in salons are also part of the review. Industry stakeholders believe this adjustment could bring much-needed Relief for service providers and customers.
For men’s grooming products, further reductions are being discussed. Items such as shaving creams and aftershave lotions may see duties fall from 40 percent to 35 percent. Facial cleansers and soaps used in salons could also benefit from similar reductions.
The fitness sector is also expected to gain Relief under the proposed framework. Gym equipment, machinery, and spare parts used in health clubs and slimming centers may see import duties reduced from 40 percent to 35 percent.
Industry experts say these measures could help reduce operational costs and encourage investment in both grooming and fitness businesses. Lower import costs may also lead to more affordable services for consumers.
Officials have clarified that these proposals are still under consideration. Final decisions will be made during the upcoming budget 2026 approval process.
If implemented, the expected Relief could strengthen small and medium businesses in the beauty and fitness sectors. It may also improve access to modern equipment and quality products across the country.
For now, stakeholders are waiting for the final budget announcement to see whether these proposed changes will be approved.
In other news read more about: Budget 2026-27 May Bring Major Relief in Property Transaction Taxes To 0.25%
