Thanks all. It has been rectified.
I changed the code from
int gig 0/1
ip nbar protocol-discovery
service-policy input QOS-LIMIT-TOR-POLICY
to (by adding the additional line of code)
int gig 0/1
ip nbar protocol-discovery
service-policy input QOS-LIMIT-TOR-POLICY
service-policy output QOS-LIMIT-TOR-POLICY