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."

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

SECTION 1. Section one of the Republic Act Numbered seventy-one, entitled "An Act requiring price tags or levels 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 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 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."

SEC. 2. This Act shall take effect upon its approval.

Approved, June 12, 1954.