Total/Gross Turnover definition
Total/Gross Turnover means, the gross amount of revenue, from the Bidder
Total/Gross Turnover means the aggregate price of the Goods Sold in the relevant period which the Licensee (or any person, firm or corporation controlling or controlled by the Licensee) actually receives from its customers including: the cost of manufacturing the Goods Sold in the Territories and a proportionate allocation of manufacturing overhead costs, all as determined in accordance with generally accepted accounting principals, consistently applied, in the United States ("GAAP") as stated in financial statements to be prepared by Licensee; transport charges and other delivery costs; and, taxes of the nature of sales, purchase, excise or other similar taxes charged upon or included in the selling price or invoice value to such customers; and before the deduction, by the Licensee, of any taxes on income, profit or otherwise; and before the deduction of any currency exchange or bank fees.
Total/Gross Turnover means, the gross amount of revenue, from the Bidder / Member of Consortium, duly recognized in the audited Profit and Loss Account from the sales and/or supplies and/or distribution of goods and/or on account of services rendered, and/or all other incomes, by a Bidder/Member of Consortium during a financial year in the ordinary course of such activities / business(s) and as certified by its / their Statutory Auditors as per format in Bid Form-4.”