With license categories, in vCloud Usage Meter you can designate a license as a non-billable license.

vSphere license keys that service providers deploy might have different billing characteristics, so you can indicate which license keys are billable by defining the license category. For more information about the billing categories, see Manage Billing Categories.

VMware Cloud Provider Program partners can only leverage VMware perpetual licenses, including OEM versions, to support internal IT operations. Internal IT operations are any IT function that exclusively support a system that is not connected, either directly or in an ancillary manner, to the partner's hosting environment. In addition, VMware perpetual licenses may not be used to support the management or operations of an environment utilized to host for unaffiliated third parties. Virtual machines running on hosts with perpetual license keys should be tagged in the vCloud Usage Meter and are not considered billable.