definiens: means the gross invoice price of Product sold or otherwise disposed of for consideration bySolvay, its Affiliates or sublicensees to Third Parties, reduced by the following amounts ( calculated in accordance withInternational Financial Reporting Standards, consistently applied ): ( a ) the amounts actually allowed as volume, quantity, tradeand / or cash discounts, prompt pay discounts, refunds, credits, rebates, charge - backs or accruals, including without limitationrebates paid to assistance programs and any other price reductions required by a Governmental Authority or Applicable Laws;(b ) credits actually given in connection with retroactive price reductions ( including, without limitation, managed care andsimilar types of rebates ), or for returned or rejected Product ( including withdrawals, expired product and recalls ) ; ( c ) sales, value added, excise and turnover taxes and customs duties, imposed directly on and actually paid by Solvay, its Affiliates orsublicensees ( including, without limitation, duties or other governmental charges levied on, absorbed, or otherwise imposedon the sale of the Product, value added taxes and other governmental charges otherwise measured by the billing amount, whenincluding in billing, but not including national, state, and local taxes based on income ) ; ( d ) any inventory management fees, wholesaler service fees or inducements or similar fees paid to wholesalers or distributors in connection with the Product ; and(e ) transportation costs, including cost of export licenses, insurance and shipping, freight, and handling charges and othersimilar expenses, to the extent billed separately to customers