Amendment of Ceiling Prices for Shoe Materials
- Section 1 of Executive Order No. 353 is amended to increase and establish new ceiling prices for imported shoe materials.
- Covered commodities include various types of finished upper leather, imitation suedes, heeling board, sole leather bellies and butts, black full heels, shoe strings, and cotton shoe thread.
- Prices are fixed at several transactional levels: importers’ price, wholesalers’ price to shoemakers, and units of measure such as square feet, kilos, pairs, gross, and pound.
Pricing Consistency for Commodities Not Explicitly Listed
- Any commodity not included in previous Executive Orders fixing ceiling prices or in this Order, but having the same size and specification as listed items, shall adopt the same ceiling price.
Inclusion of Taxes in Ceiling Prices
- The fixed ceiling prices under this Order explicitly include taxes, specifically a 7% Sales Tax and a 1% Municipal Tax.
Effective Date of the Order
- The Order shall take effect five days after the date of issuance, which is February 3, 1951.
Legal Authority and Issuance
- The amendment is issued under the authority granted by Section 3 of Republic Act No. 509.
- The Executive Order was enacted by President Elpidio Quirino on the recommendation of the Price Administration Board, ensuring adherence to the national price control policy.