No refund of unutilized input tax credit where input tax rate exceeds output tax rate for listed goods. Notification under the Punjab GST Act designates specified tariff items for which no refund of unutilized input tax credit shall be allowed where credit accumulated because input tax rates exceed output tax rates on those goods (excluding nil rated or fully exempt supplies). The listed goods include specified textile fabrics, knitted fabrics, and railway rolling stock, parts and track fixtures. Interpretation follows the First Schedule to the Customs Tariff Act, 1975. The measure is effective from 1 July 2017.