Amendment on labeling price tags law

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Republic Act No. 1074: Amendment on labeling price tags law

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Title Source: Supreme Court: Amendment on labeling price tags law

Law: Republic Act No. 1074

Decision Date: Jun 12, 1954

Republic Act No. 1074 amends the Price Tag Law in the Philippines, requiring all articles of commerce and trade to be publicly displayed with price tags, including lumber with corresponding wood names, to ensure fair and uniform pricing for consumers.

Law Summary

Specific Provision for Lumber Dealers

Lumber dealers are mandated to affix tags or labels indicating both the price and the official species name of the wood.
This requirement serves to enable buyers to distinguish one species of wood from another.

Regulatory Authority and Exemptions

The Secretary of Commerce and Industry holds authority to issue implementing rules and regulations for effective enforcement of the Act.
Upon recommendation of the Director of Commerce, the Secretary may exempt certain articles or specific classes of establishments from the tagging requirements on a case-by-case or periodic basis.

Enforcement and Effectivity

The amended provisions strengthen the original law mandating price indication on retail goods.
The Act takes effect immediately upon approval, providing immediate legal force to the requirements and penalties set forth in the original and amended law.

END