Law Summary
Ceiling Prices on Imported Shoe Materials
- Repeals specific sections of prior Executive Orders related to ceiling prices on imported shoe materials.
- Establishes new ceiling prices for a wide array of imported shoe materials, detailing prices for importers, wholesalers, and shoemakers.
- Includes categories such as finished upper leather, buck upper leather, heeling board, sole leather, rubber soling slabs, shoe laces, shoe thread, imitation leather, rubberized piece goods, among others.
- Prices are specified with exact rates per unit (square feet, kilos, pairs, yards, gross, etc.) for each grade and type.
Ceiling Prices on Imported Foodstuff
- Sets maximum selling prices for importers, wholesalers, and retailers of specific canned fish products, including sardines and Canadian salmon.
Ceiling Prices on Imported Poultry Feeds
- Fixes maximum prices for various types of imported poultry feeds such as laying mash, chick starter, and growing mash at wholesaler and retailer levels.
Ceiling Prices on Imported Construction Materials
- Defines ceiling prices for several construction materials including aluminum sheets by sizes, flat bars, reinforcing steel bars, and galvanized pipes by sizes and lengths.
Amendments on Simpson and Chapco Boards
- Raises and fixes new ceiling prices for Simpson Insulating Board and Chapco Board at wholesaler and retailer levels.
Tax Inclusion in Ceiling Prices
- The ceiling prices for shoe materials and construction materials include:
- 17% Special Excise Tax on Foreign Exchange
- 7% Sales Tax
- 1% Municipal Tax
- For foodstuff and poultry feeds, the ceiling prices include:
- 7% Sales Tax
- 1% Municipal Tax
Effectivity
- The order takes effect immediately upon issuance.
Signatories
- Signed by then-President Elpidio Quirino and Acting Assistant Executive Secretary Marciano Roque on July 27, 1951, in Manila.