definiens: shall mean the gross invoice price of the sales of the Products in the Territory by thePurchaser ( or its clearing and forwarding agent ), as accounted for by the Purchaser in its books of accounts under relevant IndianAccounting Standards ( ) less standard and customary deductions accrued by using applicable Ind AS for any of the below : a)any amounts received, but required to be repaid or credited due to returns ( for any reasons including defect of products ) ; b)trade, quantity and cash discounts, accrued in accordance with applicable Ind AS ; c)applicable sales and excise taxes, value added taxes, goods and services tax and duties or any other governmental chargesimposed upon the importation, sale or distribution ( to the extent borne by Purchaser or its aﬃliates and separately stated on theinvoice and included in the gross invoice price ), other than income taxes ; and d)sales credits customary including but not limited to trade, quantity, direct and indirect customer discounts and cash discounts inthe industry which are accrued in accordance with applicable Ind AS