DTI approves removal of expiry dates on gift checks
Manila, Philippines – the Department of Trade and Industry has issued an administrative order removing the expiration of gift certificates, checks and cards.
Zenaida Maglaya, Trade Undersecretary said, the order was issued last June 25 and would become effective upon its publication in July.
Maglaya added that the issue on the expiration of gift checks had already been discussed at the time when Peter Favila was still Trade secretary in response to the complaints of consumers about the short usage period given by the sellers.
Commercial establishments usually give an expiration term of one-year from date of issuance on their gift checks.
According to the DTI, the practice is contrary to state policy on protection of consumer welfare and interest and promotion of fair, honest, and equitable relations between parties in consumer transactions.
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