definiens: means all revenues recorded by or on behalf of Licensee or its Sublicensees for Productsold in the Territory . The permitted deductions booked on an accrual basis by Licensee and itsSublicensees under their respective accounting standards to calculate the recorded net sales fromgross sales are as follows : ( a)normal discounts actually granted, including without limitation, quantity, trade, cash and otherdiscounts, rebates and charge - backs ; ( b)amounts refunded or credits allowed for Product or other goods returned or not accepted bycustomers ; ( c)packaging, transportation and prepaid insurance charges on shipments or deliveries to customers ; ( d)taxes, 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