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[av_heading heading=’DTI to bizmen: Give exact change’ tag=’h3′ style=’blockquote modern-quote’ size=” subheading_active=’subheading_below’ subheading_size=’15’ padding=’10’ color=” custom_font=”]
By: ROEYNA MAY FAMISARAN
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ILOILO City – The Department of Trade and Industry (DTI) in Region is constantly urging businessmen to give exact change to customers.
In an interview, DTI-6 regional director said not giving the exact amount of change is punishable by law.
“They can be punished. Some of them give candies or any other goods in exchange of the change,” she said.
In December 2016, the DTI issued the Department Administrative Order No. 16-03 Series of 2016 on the Implementing Rules and Regulations of the Republic Act No. 10909 or the “No Shortchanging Act of 2016.”
It was signed by DTI secretary Ramon Lopez and DTI-Consumer Protection Group undersecretary Teodoro C. Pascua on Dec. 21.
Under the No Shortchanging Act, all business establishments, including sari-sari stores, and government-owned and controlled corporations and government agencies performing proprietary functions, are mandated to give exact change to consumers, a press release from the agency said.
The business establishments are also prohibited from giving other forms of change like candy in lieu of monetary change, it added.
Racson admitted that there are stores in Western Visayas who violate the No Shortchanging Act.
She furthermore disclosed that they will closely monitor business establishments in the region.
A business industry that violates the Act may be fined P500 to P25,000./PN
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