definiens: shall mean the gross amount billed or invoiced by or on behalf of the Company and/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 such sale and included in the invoice in respect of such Sale ; ( ii ) discounts, credits or allowances, if any, actually granted on account of price adjustments, recalls, rejections or returns of Licensed Products previously sold ; ( iii ) bad debts, provided that they are recorded as such in the Invoicing Entity ’s books, in accordance with acce ptable accountancy practices ; and ( iv ) packaging, freight, shipping and insurance charges, to the extent that such items are separately itemized and invoiced and actually paid as evidenced by invoices, receipts or other appropriate documents ; provided howe ver, that in any transfers of Licensed Products between the Invoicing Entity and an Affiliate of the Invoicing Entity, Net Sales shall be equal to the total amount invoiced by such Affiliate on resale to an independent third party purchaser, in each case, after deducting the amounts referred to in clauses ( i ) through ( iv ) above, to the extent applicable . In case the Affiliate uses the Licensed Products internally without resale within 6 ( six ) months from such invoice, the Company shall pay royalties as if s uch resale occurred at market price