Price Tag Law
Republic Act No. 71, enacted on October 21, 1946, mandates that all retail articles of commerce must display price tags or labels to ensure transparency in pricing. It prohibits discriminatory pricing practices, allowing for specific exemptions as recommended by the Secretary of Agriculture and Commerce. Violations of this law are punishable by up to six months of imprisonment, a fine of up to two hundred pesos, or both, at the court's discretion. The Act takes effect 60 days after its approval.
October 21, 1946
REPUBLIC ACT NO. 71
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. All articles of commerce and trade offered for sale to the public at retail shall be publicly displayed with appropriate tags or labels to indicate the price of each article and said articles shall be sold uniformly and without discriminations at the stated price: Provided, That the Secretary of Agriculture and Commerce 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 Agriculture and Commerce is hereby authorized to issue rules and regulations to carry into effect the provisions of this section. aisa dc
SECTION 2. Any violation of this Act shall be punished by imprisonment of not more than six months or a fine of not more than two hundred pesos, or both such fine and imprisonment in the discretion of the court.
SECTION 3. This Act shall take effect on the sixtieth day after its approval.
Approved: October 21, 1946
Not published in the Official Gazette