EXECUTIVE ORDER NO. 516

: The executive order specifically mentions pneumatic tires including various types and sizes such as Canadian tires (conventional and extra low pressure) and premium grade tires with specific ply ratings and dimensions.
: The ceiling prices fixed include the 17% Special Excise Tax on Foreign Exchange, a 7% Sales Tax, and a 1% Municipal Tax.
: The wholesaler's price is the maximum price at which wholesalers can sell the commodity, while the retailer's price is the maximum price retailers can sell to the public, generally higher than the wholesaler's price.
: It classifies pneumatic tires into categories such as conventional passenger car tires and premium grade tires, further differentiated by ply rating (4 ply, 6 ply) and sizes (e.g., 6.00 x 16, 7.10 x 15).
: No, the Executive Order states that it shall take effect immediately but does not specify an expiration date. The authority to fix prices under Republic Act No. 509 is for a limited period, but that period is not detailed in this order.
: The Executive Order was signed by President Elpidio Quirino and enacted in the City of Manila on July 1, 1952.
: The ceiling prices legally cap the prices at which wholesalers and retailers can sell specified pneumatic tires. Selling above these maximum prices would be contrary to the order and may be subject to penalties under the law.
: Maricano Roque attested the Executive Order as the Acting Executive Secretary.