definiens: shall mean the gross amount billed or invoiced by or on behalf of the Companyand / or its Affiliates and/or Sublicensees ( the ) on Sales of Licensed Products, less the following : ( i ) sales taxes ( including value added taxes ) to the extent applicable to suchsale and included in the invoice in respect of such Sale ; ( ii ) discounts, credits or allowances, ifany, actually granted on account of price adjustments, recalls, rejections or returns of LicensedProducts previously sold ; ( iii ) bad debts, provided that they are recorded as such in the InvoicingEntity 's books, in accordance with acceptable accountancy practices ; and ( iv ) packaging, freight, shipping and insurance charges, to the extent that such items are separately itemized and invoicedand actually paid as evidenced by invoices, receipts or other appropriate documents ; providedhowever, that in any transfers of Licensed Products between the Invoicing Entity and an Affiliateof the Invoicing Entity, Net Sales shall be equal to the total amount invoiced by such Affiliate onresale to an independent third party purchaser, in each case, after deducting the amounts referredto in clauses ( i ) through ( iv ) above, to the extent applicable . In case the Affiliate uses the LicensedProducts internally without resale within 6 ( six ) months from such invoice, the Company shall payroyalties as if such resale occurred at market price