Unutilised Input Tax Credit restriction bars refunds where input tax rate exceeds output tax rate for specified goods. The notification bars refund of unutilised input tax credit for specified goods where input tax rates exceed output tax rates (excluding nil or fully exempt supplies). It identifies such goods by tariff items/headings as per the First Schedule to the Customs Tariff Act, 1975, and directs that the Schedule's interpretative rules and notes apply. The measure is issued under the proviso to sub-section (3) of section 54 and takes effect from 1 July 2017.