28 July 2024
In the ICMAI (Institute of Cost and Management Accountants of India) examination system, exemptions are granted for specific subjects when a candidate achieves a minimum percentage of marks. Here’s how exemptions can be carried forward for CMA (Cost and Management Accountancy) exams:
### **Carry Forward of Exemptions in ICMAI Exams:**
#### **1. **Exemption in Intermediate (CMA Inter):**
- **Exemption Validity:** - **ICMAI Rule:** Exemptions in the Intermediate examination are valid for **up to 3 subsequent attempts** (not including the attempt in which the exemption was granted). - **Specifics:** If you received an exemption in any subject before December 2012, you could carry it forward for up to 3 attempts after the attempt in which the exemption was obtained.
#### **2. **Exemption in Final (CMA Final):**
- **Exemption Validity:** - **ICMAI Rule:** Exemptions in the Final examination are valid for **up to 3 subsequent attempts** (not including the attempt in which the exemption was granted). - **Specifics:** If you received an exemption in any subject before December 2012, it can be carried forward for up to 3 attempts after the attempt in which the exemption was obtained.
### **Important Points to Note:**
- **Attempts Calculation:** The attempts are counted from the examination cycle immediately following the one in which the exemption was obtained. For instance, if you received an exemption in June 2012, it would be valid through December 2012 and up to 3 subsequent attempts, i.e., June 2013, December 2013, and June 2014.
- **Validity Extension:** ICMAI sometimes updates rules regarding the validity of exemptions, so it’s always a good idea to check the latest guidelines directly from ICMAI’s official website or contact their examination division for the most accurate information.
- **Clearing Remaining Subjects:** To take advantage of the exemption, you must clear the remaining subjects within the allowed number of attempts. If you do not clear the required subjects within the specified attempts, the exemption may lapse.
Make sure to verify any specific details with ICMAI or through their official resources to ensure you have the most current and accurate information regarding exemptions and their validity.
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