I can understand it. But, it is not OK if a particular community thinks that the content is to mock them (some people find it fun while some gets offended). For example: The movie 'Indiana Jones And The Temple Of Doom' was banned in India due to the controversial portrayal of Indians. But I just find it funny and I don't know why people have to offend by it.
Just makeup as personal preference is OK (why someone's makeup has to offend others?). Since dark-skinned people do white markup to look fair.
At the same time, I don't like people calling fair-skinned people as racist when they are really not. I don't like keeping them in constant fear of being tagged as "racist" for everything.