Synonyms:

visayah–objects for sense enjoyment; vinivartante–are practiced to be refrained from; niraharasya–by negative restrictions; dehinah–for the embodied; rasa-varjam–giving up the taste; rasah–sense of enjoyment; api–although there is; asya–his; param–far superior things; drstva–by experiencing; nivartate–ceases from.

Translation:

The embodied soul may be restricted from sense enjoyment, though the taste for sense objects remains. But, ceasing such engagements by experiencing a higher taste, he is fixed in consciousness.