Question & AnswerQ&A (EXECUTIVE ORDER NO. 426)
The ceiling prices of Spices and Tea were eliminated as per sections 1, 2, and 4 of Executive Order No. 426.
New ceiling prices were set for Pneumatic Tires, including various types and sizes, as detailed extensively in Section 3 of the Order.
Yes, the ceiling prices fixed in this Order include the 7% Sales Tax and 1% Municipal Tax as stated in Section 5.
The Order took effect immediately on March 20, 1951, as per Section 6.
The changes were recommended by the Price Administration Board before issuance by the President.
The ceiling prices set in the Order are applicable throughout the entire Philippines.
Executive Order Nos. 331, 343, 374, 381, 382, and 410 were amended by Executive Order No. 426.
The Order was signed by Teodoro Evangelista, Executive Secretary, by the President.