Section 12. Imprisonment for a period of not less than two months nor more than twelve years or a fine of not less than two hundred pesos nor more than ten thousand pesos or both, shall be imposed upon any person who sells any article, goods or commodity in excess of the maximum selling price fixed by the President; or who hoards or keeps articles, goods or commodities mentioned in section one hereof or such other merchandise the price of which has been placed under control in excess of the quantities reported by him to the Price Administration Board; or who refuses to sell any merchandise displayed and offered for sale in his establishment, store or stall, or any merchandise which though not displayed are in stock; or who having in stock merchandise the price of which is under control shall transfer the same or make a false or fictitious sale of all or any portion thereof so as to defeat the purposes of this Act; or who fails or refuses to file with the said Board an inventory of his stock and/or to transmit copies of bills of lading or bills of sale, or who violates any provision of this Act or any rules and regulations issued by the President pursuant to the provisions of this Act: Provided, however, That in the case of aliens, in addition to the penalty herein provided, the offender shall be, upon final conviction, subject to immediate deportation without the necessity of any further proceedings on the part of the Deportation Board.

In the case of corporations, partnerships or associations, the President, managing director or manager shall be held criminally liable.

In addition to the penalties prescribed above, the persons, corporations, partnerships, or associations found guilty of any violation of this Act or of any rules or regulations issued by the President pursuant to this Act shall be barred from the wholesale and retail business for a period of five years for a first offense, and shall be permanently barred for the second or succeeding offenses.

Any government officer or employee who, by neglect or connivance, has enabled an importer, wholesaler, retailer or any person who has articles, goods or commodities in his control or possession, to hide or transfer his stock or any portion thereof in order to save them from being commandeered, forcibly sold, confiscated or subject to such measure as the government may deem wise and proper for the public interest, or has in any mannerded or abetted in the violation or circumvention of the provisions of this Act, shall be held criminally liable as co-principal under this section and shall, in addition, suffer the penalty of perpetual absolute disqualification to hold public office. Any government officer or employee who, being duly authorized by the Price Administration Board to act as its agent, shall divulge to any person, or make known in any other manner than may be authorized by law, any information regarding the income, method of operation or other confidential information regarding the business of any person, association or corporation, knowledge of which was acquired by him in the course of the discharge of his official duties, shall be punished by both a fine of not less than two thousand pesos nor more than ten thousand pesos and imprisonment of not less than two years nor more than ten years.