definiens: means ( a ) the gross invoice price charged and the fair market value of any other non - cash consideration owed to the Licensee and/or any Sublicensee for a Licensed Product, or ( b ) in those instances where theLicensed Product is combined in any manner with any other Product or service, the gross invoice price charged and the fairmarket value of any other non - cash consideration owed to the Licensee and/or any Sublicensee for the combined Product orservice in its entirety, less the following items, but only to the extent that they actually pertain to the disposition of suchLicensed Product and are separately billed : 1.16.1 Amounts repaid or credited to customers for rejections, returns and prompt payment and volumediscounts ; 1.16.2 Freight, transport packing and insurance charges associated with transportation ; 1.16.3 Taxes, including Deductible Value Added Tax, tariffs or import / export duties based on Saleswhen included in the gross invoice price, but excluding value - added taxes other than DeductibleValue Added Tax or 7 taxes assessed on income derived from Sales