QuestionsQuestions (EXECUTIVE ORDER NO. 614)
Section 3 of Executive Order No. 448 (dated June 9, 1951) is expressly repealed.
It repeals the earlier ceiling pricing provision in EO 448, and sets new ceiling prices for Homasote wallboard, including details on wholesaler and retailer prices.
Homasote Wallboard (building board) with the size 15/32 x 4 x 8.
It provides separate ceiling prices: for wholesalers at P12.50 per sheet and for retailers at P13.65 per sheet.
Section 2 states the ceiling prices include: (1) 17% special excise tax on foreign exchange, (2) 7% sales tax, and (3) 1% municipal tax.
It classifies the item under 'CONSTRUCTION MATERIALS (IMPORTED)' and indicates that the ceiling prices are under the scenario 'With 17 per cent Special Excise Tax on Foreign Exchange.'
It takes effect three days after the date of the Order.
It is limited in scope: only Section 3 of EO 448 is repealed, not the entire EO 448. The text expressly repeals only that specific section.
The President issued the Order 'upon the recommendation of the Price Administration Board,' indicating it is a recommending/consultative body in the process.
Section 1 simultaneously repeals EO 448’s Section 3 and sets up new ceiling prices for Homasote Wallboard, thereby replacing the former ceiling price regime for that commodity.
The unit is 'Sheet.' This matters because enforcement and compliance depend on measuring the regulated good accurately according to the specified unit.
It clarifies that the regulated maximum price already factors in those taxes; sellers cannot lawfully charge more than the ceiling by separately adding those included taxes.
It uses administrative price regulation through fixed ceiling prices (maximum allowable prices) for a specific imported commodity, distinguishing wholesaler and retailer ceiling rates.
The Order reflects delegation from RA 509 authorizing the President to set price ceilings for a limited period and to regulate pricing to effectuate national policy—raising issues on delegation, statutory authority, and due process in economic regulation (as suggested by the reliance on a specific enabling statute).