I asked the same query from the institute and got the following reply:-
We would like to mention that exemption from the mandatory CPE hours
requirements is granted to the member for the year in which the member gets
the Certificate of Practice for the first time.
Except the above mentioned, the members are required to comply with the CPE
hours requirements. The CPE hours requirements for the members of the
Institute are as follows:
All the members who are holding Certificate of Practice (except those
members who are residing abroad), unless exempted, are required to:
(a) Complete at least 90 CPE credit hours in each rolling three-year
period of which 60 CPE credit hours should be of structured learning.
(b) Complete minimum 20 CPE credit hours of structured learning in each
year.
All the members who are not holding Certificate of Practice or are residing
abroad (whether holding Certificate of Practice or not), unless exempted,
are required to:
(a) Complete at least 45 CPE credit hours of structured/unstructured
learning in each rolling three-year period
(b) Complete minimum 10 CPE credit hours of structured/unstructured
learning in each year.
We would further like to inform you that for CPE hours, calendar year i.e.
January - December is being followed.
Regards,
Cpeadmin
ICAI