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The removed item will no longer be used for any other project.

The removed can no longer be used for any other project.

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They have different meanings, and I have no idea what the situation is. "Removed" requires a noun. Usually there is a subject other than "item" and a relative clause with "removed" follows:

The ball joint that has been removed....
The software that has been uninstalled ...
The staples that we carefully extracted ...

Comments  

Thank you for helping me to correct my sentences.

I tried to re-word the sentences, and please check and advise which one is grammatically correct and sound.

The above item which has been removed from the site will no longer be used for any other project.

The above item which has been removed from the site can no longer be used for any other project.

Once again, thank you