This notification specifies a list of goods (notably woven fabrics, knitted fabrics, and railway rolling stock) in respect of which refund of unutilised input tax credit shall not be allowed where credit accumulates due to inverted duty structure. The restriction applies only to accumulation arising from higher tax on inputs than outputs. Nil-rated and fully exempt supplies are excluded from its scope.

Issued for earlier notification?
No — this is an independent restriction notification.