definiens: means all revenues recorded by or on behalf of Licensee or its Sublicensee hereunderin respect of the sale of Product in the Territory . The following permitted deductions booked on an accrualbasis by Licensee and its Sublicensees under their respective accounting standards may be deductedfrom gross sales to calculate the recorded Net Selling Price : 1.11.1normal discounts actually granted, including without limitation, quantity, trade, cash and otherdiscounts, rebates and charge - backs ; - 3 - 1.11.2amounts refunded or credits allowed for Product or other goods returned or not accepted bycustomers ; 1.11.3packaging, transportation and prepaid insurance charges on shipments or deliveries to customers;and 1.11.4taxes, tariffs, customs duties, surcharges and other governmental charges actually incurred andpaid by Licensee or its Sublicensee hereunder in connection with the sale, exportation, importationor delivery of Product or other goods to customers