definiens: means, with respect to any Licensed Product, the gross invoiced sales price of such Licensed Product sold by or on behalf of Ha iChang or its Affiliates ( the ), in finished product form, packaged and labelled for sale in arm ’s - length transactions to Third Parties, less deduc tions allowed to the Third Party customer by the Selling Party, t o the extent actually taken by such Third Party cus tomer, on such sales for : ( a ) transportation charges relating to the Licensed Pro duct, including handling charges and insurance premiums relating thereto ; ( b ) sales taxes, excise taxes, use taxes, VAT and dutie s paid by the Selling Party in relation to the Licensed Product and any other equi valent governmental charges imposed upon the importation, use or sale of the Licensed Product ; ( c ) government - mandated and other rebates ( such as thos e in respect of any state or federal Medicare, Medicaid or similar programs ) ; ( d ) customary trade, quantity and cash discounts allowe d on the Licensed Product ; ( e ) allowances or credits to customers on account of re trospective price reductions affecting the Licensed Product ; and ( f ) customary rebates and charge - backs including those granted to managed care entities