The licence is valid for 1 year. Renewal notices and reminders will be sent to the licensee 60 days before expiry via the preferred mode of contact.
If your company has a GIRO account with HSA, the licence will be automatically renewed upon successful deduction of the licence fee. If your company does not wish to renew the licence, an application to opt-out of auto-renewal should be submitted at least 1 month before the expiry of the licence.
If your company does not have a GIRO account with HSA, you should remember to login PRISM and uses the ‘Renew Licence to Import Chinese Proprietary Medicines’ and/or ‘Renew Licence to Sell Chinese Proprietary Medicines by Wholesale’ modules under renew@prism on PRISM e-Services webpage to submit a renewal application before the licence expires. You may submit the application 2 months before the expiry of the licence.
If your licence is not renewed upon expiry, it would be considered lapsed and you would not be able to continue with the activities previously authorized under that licence. A lapsed licence would not be renewed and a new application would have to be made. You are encouraged to apply for a GIRO account with HSA and maintain sufficient funds for licence fee deductions, to prevent inadvertent lapses of licence validity.