The Iron and Steel Merchant Section of the London Chamber of Commerce and Indian merchants are raising concerns about the proposed increase in import duty on steel. They argue that there is no need for an increase in duty and believe that it will only serve to raise the cost of manufactured Iron and Steel goods for Indian consumers.

The Indian Tariff Board is conducting an enquiry into the proposed increase in import duty on steel. The Iron and Steel Merchant Section and the Indian merchants and indentors interested in exporting steel to India are urging for evidence to be tendered at the enquiry to support their stance against the increase in duty. They believe that such an increase is unnecessary and will only result in higher costs for Indian consumers of Iron and Steel goods.

The concerns raised by the Iron and Steel Merchant Section and Indian merchants highlight the potential negative impact of the proposed increase in import duty on steel. They argue that it will not only harm the interests of the steel industry but also burden Indian consumers with higher prices for essential goods.

Overall, there is a clear stance against the proposed increase in import duty on steel from those involved in the iron and steel trade. They argue that it is unnecessary and will only lead to increased costs for Indian consumers. The Indian Tariff Board will need to carefully consider the evidence presented by the Iron and Steel Merchant Section and the Indian merchants and indentors with regards to the impact of the proposed increase on the steel industry and consumers.