Himalaya's balm himalaya's cold balm is a soothing balm that relieves nasal and chest congestion. Its counter irritant effects relieve headaches and body aches associated with the common cold. key ingredients camphor oil extract acts as a skin stimulant and counter irritant when applied externally.. the oil of the blue gum tree is easily absorbed and is topically used as a massage oil. It can also be used as a dry inhalant. mint extracts helps in controlling the nerve pain and fever. turpentine oil extracted from the plant chir pine is used in many ointments and liniments for treating minor aches and colds. It relieves irritation and also controlling skin redness.. nutmeg oil is used as a counter irritant and stimulates blood flow to the area applied. directions for use apply locally on the nose forehead and chest..