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RULING + RATIO:
YES.
Commonwealth Act No. 638 and 2930 only enumerates what are
those which should be published in the Official Gazette to be binding
and effective (laws, resolutions, decisions of the SC and CA, notices
and documents).
Revised Admin Code (sec. 11), New Civil Code (Art. 2) provides that
statutes passed by Congress and laws take effect at the beginning
of the 15th day after the completion of the publication of the statute
in the Official Gazette.
Although Circular No. 20 is not a statute or law, it being issued for
the implementation of the law authorizing its issuance, gives it the
force and effect of law according to settled jurisprudence.
Moreover, as a rule, circulars and regulations especially like the
Circular No. 20 of the Central Bank in question which
prescribes a penalty for its violation should be published before
becoming effective, this, on the general principle and theory
that before the public is bound by its contents, especially its
penal provisions, a law, regulation or circular must first be
published and the people officially and specifically informed of
said contents and its penalties.
In the present case, although Circular No. 20 of the Central Bank
was issued in the year 1949, it was not published until November
1951, that is, about 3 months after Que Po Lays conviction of its
violation. The Circular did not have any legal effect and bound no
one until its publication in the Official Gazette.
Thus, he cannot be held liable for its violation since the law did not
have any legal nor binding effect at the time Que Po Lay was found
to have failed to sell the foreign exchange in his possession.
DISPOSTITION: In view of the foregoing, we reverse the decision
appealed from and acquit the appellant, with costs de oficio.