Amending R.A. No. 71 (Price Tag Law)
Republic Act No. 1074, enacted on June 12, 1954, amends the previous Republic Act No. 71, which mandates the affixing of price tags or labels on all retail articles offered for sale. The amendment specifies that all retail goods must display their prices clearly and uniformly, with additional requirements for lumber dealers to indicate both the price and the official name of the wood species. The Secretary of Commerce and Industry is granted the authority to exempt certain articles or establishments from these requirements and to issue necessary regulations. This act aims to promote transparency in retail pricing and protect consumers.
June 12, 1954
REPUBLIC ACT NO. 1074
AN ACT TO AMEND REPUBLIC ACT NUMBERED SEVENTY-ONE, ENTITLED "AN ACT REQUIRING PRICE TAGS OR LABELS TO BE AFFIXED ON ALL ARTICLES OF COMMERCE OFFERED FOR SALE AT RETAIL AND PENALIZING VIOLATIONS OF SUCH REQUIREMENT"
SECTION 1. Section one of Republic Act Numbered Seventy-one, entitled "An Act requiring price tags or labels to be affixed on all articles of commerce offered for sale at retail and penalizing violations of such requirement" is hereby amended to read as follows:
"SEC. 1. All articles of commerce and trade offered for sale to the public at retail shall be publicly displayed with appropriated tags or labels to indicate the price of each article and said articles shall be sold uniformity and without discrimination at the stated price: Provided, That lumber dealers are required to tag or label lumber offered for sale to the public by indicating thereon the price and the corresponding official name of the wood so as to enable buyers to distinguish one species of wood from the others: Provided, further, That the Secretary of Commerce and Industry may, upon the recommendation of the Director of Commerce, exempt from time to time certain articles of Commerce and trade or certain classes of establishments from the provisions of this Act. The Secretary of Commerce and Industry is hereby authorized to issue rules and regulations to carry into effect the provisions of this section." cd i
SECTION 2. This Act shall take effect upon its approval.
Approved: June 12, 1954
Published in the Official Gazette, Vol. 50, No. 7, p. 2970 in July 1954