Exemption under section 35AC: eligible plastic waste recycling project's tax exempt status extended and address amended. The Central Government re specifies the project for Recycle Recover Reuse of plastic waste carried out by Indian Centre for Plastics in the Environment as an eligible project under section 35AC, extending its eligibility for a further three year period commencing with financial year 2006 07 without change in the approved project cost, and substitutes the institution's address in the earlier notification following a recommendation under rule 11M(5) of the Income tax Rules, 1962.