Section 5Sec./Art. 5

Daily Price Index. - In support of the implementation of this Act, the Agribusiness and Marketing Assistance Service (AMAS) and the Bureau of Agricultural Research (BAR) of the Department of Agriculture (DA) are hereby mandated to establish, strengthen, and maintain a DPI:

Provided, That the BIR, in consultation with the NTA, will set a minimum price for the sale of tobacco products. The minimum retail price shall take into account the applicable taxes, reasonable production cost, and trade margins for the lowest priced brands registered wit the BIR.

The AMAS and BAR, in coming up with the prices, shall ensure that the DPI exhibits transparency and accountability and is published on their official websites and social media platforms. These agencies shall be subject to a periodic audit by an independent party to be decided upon by the Anti-Agricultural Economic Sabotage Council (Council).

The DA shall finish the establishment of the DPI within ninety (90) days from the effectivity of this Act.

Failure in the implementation of this section shall render the head of the concerned offices of the DA liable for administrative and criminal prosecution in accordance with applicable laws and regulations.