Question & AnswerQ&A (EXECUTIVE ORDER NO. 407)
The primary purpose is to fix the ceiling prices of certain essential imported commodities, including shoe materials and poultry feeds, to regulate prices.
The commodities include imported shoe materials such as finished upper leather, imitation leather, shoe strings, and imported poultry feeds such as various protein percentages of California Sardines Meals, dried cheese whey, bone meal, barley, and other feed ingredients.
Maximum selling prices are categorized for importers, wholesalers, and retailers with specific prices fixed for each category.
Yes, the ceiling prices fixed include a 7 percent sales tax and a 1 percent municipal tax.
Such commodities shall have the same ceiling price as the ones listed in the Order according to Section 2.
It took effect five days from the date of its publication or issuance, which was February 3, 1951.
The Price Administration Board recommended the ceiling prices fixed by the Executive Order.
The text of Executive Order No. 407 as provided does not specify penalties for violations; such details would usually be found in related implementing rules or in the enabling Republic Act.