EXECUTIVE ORDER NO. 460

: It relies on the powers vested in the President by Section 3 of Republic Act No. 509, which authorizes the President to fix ceiling prices of commodities and promulgate related rules for a limited period.
: The order covers imported essential commodities, including shoe materials, foodstuffs (such as canned fish), poultry feeds, and construction materials.
: Section 1 repeals previous price ceilings on imported shoe materials set by earlier Executive Orders and sets new ceiling prices for various types and grades of imported shoe materials.
: Yes, the ceiling prices include a 17% Special Excise Tax on Foreign Exchange, 7% Sales Tax, and 1% Municipal Tax for shoe materials and construction materials, and 7% Sales Tax and 1% Municipal Tax on foodstuff and poultry feeds.
: Sections 3 and 4 amend and increase the ceiling prices for Simpson Board and Chapco Board, which are types of insulating and wallboards respectively.
: Ceiling prices are set separately for importers, wholesalers, and retailers, reflecting the maximum prices each group can charge.
: Repealing parts of previous Executive Orders allows the establishment of updated price ceilings in line with current market conditions and policies without conflict.
: The Order took effect immediately upon its signing on July 27, 1951.
: Yes, it sets maximum selling prices for importers, wholesalers, and retailers.