definiens: means the gross receipts rep resenting sales of Product, whatever dosage formulation, by [COMPANY], its Affili ates or sublicensees ( hereafter referred to as ) to T hird Parties, less deductions actually allowed or specifically allocated to Produ cts by the Selling Party using generally accepted accounting standards for : ( a ) transportation and freight charges relating to Products, including handling and insurance relating thereto ; ( b ) sales taxes ( such as VAT, or its eq uivalent ), excise taxes and duties paid by the Selling Party in relation to Pro ducts and any other equivalent governmental charges imposed upon the i m portation, use or sale of Products ; ( c ) customary trade, quantity and cash discounts allowed on Products ; ( d ) refunds, allowances or credits to c ustomers on account of retrospective price reductions affecting Products o r any rejected or returned Products ; and Page 3 of 34 < PAGE > ( e ) customary Product rebates and Produ ct charge backs including those granted to managed care entities