Section 2
Sec. 2. The wholesale price of cigars and cigarettes at which they are offered for sale to the wholesalers or distributors and registered with the Bureau of Internal Revenue as of December 31, 1992 shall be deemed the manufacturer's or importer's registered wholesale price until the submission by the manufacturer or importer of the sworn statement as required under Section 1 of this Act: Provided, That a variant of an existing brand of cigars or cigarettes that shall be manufactured after the effectivity of this Act shall be taxed at the same level as the main brand regardless of its declared wholesale price: Provided, further, That to prevent any underpayment of taxes, any new brand of cigars or cigarettes with comparable quality, blend, cost of production and other relevant facts as brands with a registered wholesale price of Three pesos (P3.00) or more per pack, and which shall be manufactured after the effectivity of this Act, shall be taxed at the highest rate regardless of its declared wholesale price. For the purpose of this section, cigars or cigarettes registered with the Bureau of Internal Revenue after May 31, 1993 shall be treated as new brands.