Section 35AC tax incentive: plastic waste recycling project specified as eligible for an additional multi-year period. The Central Government specifies the scheme Recycle Recover Reuse of plastic waste in an eco-friendly manner as an eligible project for tax incentive purposes under the provision corresponding to Section 35AC, renewing its notified status for a further period commencing with the 2015-16 financial year without any change in the approved cost of twenty crore rupees, based on the National Committee's recommendation that the scheme is being executed properly.