Price Tag Requirement for Retail Sales

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Republic Act No. 71: Price Tag Requirement for Retail Sales

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Title Source: Supreme Court: Price Tag Requirement for Retail Sales

Law: Republic Act No. 71

Decision Date: Oct 21, 1946

Republic Act No. 71 mandates the affixing of price tags or labels on all articles of commerce sold at retail, promoting transparency and empowering consumers to make informed purchasing decisions, while also allowing for exemptions and imposing penalties for non-compliance.

Law Summary

Exemptions and Rule-Making Authority

The Secretary of Agriculture and Commerce may exempt certain articles or classes of establishments from the price tag requirement based on the recommendation of the Director of Commerce.
The Secretary is empowered to issue rules and regulations to implement and enforce the law.

Penalties for Non-Compliance

Violations of this law may be punished by imprisonment of up to six months.
Alternatively, or in addition, a fine of up to two hundred pesos may be imposed.
The court has discretion to impose either or both penalties depending on the violation.

Effectivity of the Law

The law takes effect sixty days after its approval date.

END