Amendment on Penalties for Price Ceiling Violations
- The amendment specifically revises the penalty provision for violations related to selling above the prescribed maximum prices.
- It provides that violators shall be subject to:
- Imprisonment of up to six (6) months,
- A fine not exceeding two hundred pesos (₱200), or
- Both imprisonment and fine.
Enforcement Jurisdiction
- The revised penalty provisions allow cases to be handled by Justice of the Peace courts.
- This ensures more accessible and efficient adjudication of violations concerning price ceilings.
Legal Formalities
- The Executive Order was signed by the President of the Philippines,
- It also bears the signature of the Secretary to the President,
- The date of enactment is November 21, 1944,
- It was promulgated during the Commonwealth period of the Philippines.
Important Legal Concepts
- Price ceilings as a regulatory measure to control the cost of prime necessities.
- Judicial authority delegated to lower courts for improved enforcement.
- Specified penalties serve as deterrents against profiteering or overpricing essential goods.