manoj mudgal (DM) (59 Points)
30 January 2013i have exemption in Paper-I of CA final examination held in Nov.11 & in Nov.12 examination i got above 60% marks in Paper -II . Is it possible whether i dropped my paper I exemption and avial exemption of Paper-II ? If it is possible then what is the process.
kindly guide for the same.
Bhawana
(666)
(38 Points)
Replied 30 January 2013
No..........
Frequently Asked Questions (FAQs) on “Exemption in a Paper/s”
Please note that this paper is merely an attempt to provide answers to questions on the
subject, posed to us, by the candidates from time to time, to the extent possible and with
reference to the extant scheme of examination. However, this compilation is neither
exhaustive not does it purport to be a source of complete information on the subject.
Hence, candidates are advised, in their own interest, to refer to the “Guidance Notes”
supplied along with the examination application form, besides referring to the
Chartered Accountants Regulations, 1988.
1. What are the passing requirements for PCE/IPCE/Final exam?
a) A candidate shall ordinarily be declared to have passed in both the groups
simultaneously, if he-
secures at one sitting a minimum of 40% marks in each paper of each of the
groups and minimum of 50% marks in the aggregate of all the papers of each
of the groups; or
secures at one sitting a minimum of 40% marks in each paper of both the
groups and a minimum of 50% marks in the aggregate of all the papers of both
the groups taken together.
b) A candidate shall be declared to have passed in a Group, if he secures at one sitting
a minimum of 40% marks in each paper of the Group and minimum of 50% marks in
the aggregate of all the papers of that Group.
2. What are the rules regarding “exemption” and validity period?
A candidate who has appeared in all the papers comprised in a group/unit and fails in
one or more papers comprised in that group/unit but secures a minimum of 60% of the
marks in any paper or papers of that group/unit shall be eligible for exemption in that
paper or papers in the next three following examinations.
He shall be declared to have passed in that group/unit if he secures at one sitting a
minimum of 40% marks in each of the papers of that group/unit and a minimum of
50% of the total marks of all the papers of that group/unit including the paper/s in
which he had secured a minimum of 60% marks in the earlier examination.
He/she shall not be eligible for any further exemption in the remaining paper(s) of that
group/unit until he/she has exhausted the exemption already granted to him in that
group/unit.
The implications of the above paragraph are clarified below:
i. You must have appeared in all the papers of the group/unit.
ii. You must have failed in the group/unit and should have secured a
minimum of 60 marks in any paper/s of the group/unit.
iii. The exemption is automatic and will be found indicated in the
statement of marks issued by the Institute.
iv. An exemption is valid for three immediate succeeding exams and will
be carried forward automatically for the next three examinations.
v. A candidate shall be declared to have passed in a Group/unit, if he
secures at one sitting a minimum of 40 percent marks in each paper of
the Group/unit and a minimum of 50 percent marks in the aggregate of
all the papers of that group/unit. For the purpose of arriving at the
aggregate marks, 60 percent or more marks secured earlier will also be
taken into account.
vi. As long as exemption in one or more paper(s) of a group/unit, brought
forward from an earlier attempt is subsisting, no further exemption in
any paper in that group/unit will be given, even if one secures 60% or
more marks in any paper in that group/unit.
The above rules relating to “Exemption” are common to all the exams, i.e., PCE,
IPCE, IPCE Units, ATE and Final, conducted by the Institute.
3. I secured exemption in Paper I of PCE/IPCE/Final exam in November 2009
exam. I did not appear in the exams held in May 2010, November 2010 and also
in May 2011. I have submitted my exam application form for appearing in
November 2011 exam. Can I get the exemption in the said paper in November
2011 exam?
No. The exemption obtained by you in November 2009 exam would last only for the
next three exams, i.e. for May 2010, November 2010 and May 2011 exam,
irrespective of the fact whether you appeared in those exams or not. The exemption
you obtained in November 2009 examination stands exhausted now and will not be
valid for November 2011 exam onwards. You will have to appear in the said paper
once again in November 2011 exam.
4. I appeared, say, in Papers 1 and 2 of Group I and remained absent in the
remaining paper(s) of Group I of PCE / IPCE / Final and secured more than
60% of the marks in both the papers. However my mark sheet does not show
any exemption in those two papers.
To be eligible for exemption in any paper of a group in any of the exams
(PCE/IPCE/Final), you should have appeared in all the papers comprised in that
group. In your case, though you obtained more than 60% marks in two papers, you
will not be eligible for exemption in those two papers since you did not appear in all
the papers of that group
5. How do I know that I am eligible for exemption in a paper?
The fact that you are eligible for exemption in a paper, will be found indicated in the
statement of marks, issued by the Institute, by way of a symbol “#” against the marks
of the paper(s) in which you had secured a minimum of 60% marks.
In your statement of marks, you will find the alphabet “E” marked against the marks
of already exempted paper(s) carried forward from an earlier examination, provided
the exemption is still valid.
6. I secured exemption in Paper V( Group II) of PCE/IPCE/Final in May 2011
exam. I have submitted my exam application form for appearing in Group II of
November 2011 exam. Is the exemption automatic or do I have to specifically
mention in my exam application form that I got exemption in Paper V in May
2011 exam?
An exemption is valid for three immediate succeeding exams and will be carried
forward automatically for the next three examinations. However, you are required to
give details of the exemption(s) secured by you in the immediate three preceding
exams, in your exam form, which will help us to cross check with our data base.
7. I secured exemption in Paper 3 (Group I) of PCE/IPCE/Final in November 2009
exam. I appeared in Group I in May 2011 exam once again and secured more
than 60% marks in Paper 2 of (Group I) of PCE/IPCE/Final. However, I did
not get exemption in Paper 2 even though I secured more than 60% marks in
that paper? Why is it so?
As long as exemption in one or more paper(s) of a group/unit, brought forward from
an earlier attempt is subsisting, no further exemption in any other paper in that
group/unit will be given, even if you secure 60% or more marks in any other paper in
that group/unit. You will not be eligible for any further exemption in the remaining
paper(s) of that group until you have exhausted the exemption already granted to you
in that group.
The exemption that you secured in a paper in November 2009 exam lasted till May
2011 exam. Hence, you did not get any exemption in Paper 2 in May 2011 exam
even though you secured more than 60% marks in that paper.
8. I secured exemption in Paper 3 (Group I) of PCE/IPCE/Final in November 2010
exam. I intend to appear in Group II in November 2011 exam and applied for
the same. Can I get exemption in any paper in Group II in November 2011 exam
if I secure more than 60% marks in any of the papers of Group II?
Yes. You can get exemption in any of the papers of Group II in November 2011
exam. The exemption that you secured in Paper 3 of Group I does not come in the
way of your getting exemption in any paper of Group II. Please note that the rules
relating to exemptions are applied group-wise.
However, you will not be eligible for any further exemption in the remaining paper(s)
of Group I until you have exhausted the exemption already granted to you in that
group.
9. I have already passed one group in PCE and converted to IPCE. I am now a
Unit candidate under IPCE. Will I get the benefit of the exemption secured by
me in PCE, in the corresponding papers of IPCE?
Yes. The exemption in a paper or papers in a particular group granted earlier to a
candidate of PCE shall continue to be valid, in the corresponding paper or papers
under the IPCE/ATE, for the unexpired chance(s).
10. What about exemption from appearing in any paper/s available to IPCE Unit
candidates?
Unit scheme is meant for those candidates who have passed one of the groups in any
of the following exams:
a) CA Intermediate under Para 2A of Schedule B of CA Regulations 1988( i.e Nov
1994 or later) or
b) PE II or
c) PCE who have converted to IPCE
Such a candidate is eligible for conversion to IPCE and may apply for conversion as a
student of IPCE. For details, please visit the Board of Studies Announcements within
the students section of the website www.icai.org
Group-wise exemption in IPCE by virtue of having passed one group in CA
Intermediate examination under the syllabus as specified in paragraph 2A of Schedule
B of Chartered Accountants Regulations 1988 ( i.e. Nov. 1994 or later) or PE II or
PCE is not available in IPCE because the composition of papers in each group of
IPCE is different from that of Intermediate/ PE II / PCE. But paper wise exemption
secured on the basis of 60% or more marks in a paper(s) of PCE is available for
the corresponding paper(s) for the unexpired chance(s), as per details given
below:
Papers of PE II passed Papers of PCE passed Paper-wise exemption in
IPCE/ATE
Group I
Paper 1 Accounting
Paper 2: Auditing
Paper 3: Business and
Corporate Laws
Group II
Paper 1: Advanced
Accounting
Paper 2: Auditing and
Assurance
Paper 3: Law, Ethics and
Communication
Group I Paper 1: Accounting
and
Group II Paper 5: Advanced
Accounting
Group II Paper 6: Auditing
and Assurance
Group I Paper 2: Business
Law, Communication and
Ethics
Group II
Paper 4: Cost Accounting
Group II
Paper 4: Cost Accounting Group I Paper 3: Cost
and Financial Management
Paper 5: Income tax and
Central Sales Tax
Paper 6: Information
Technology
and Financial Management
Paper 5: Taxation
Paper 6: Information
Technology and Strategic
Management
Accounting and Financial
Management
Group 1 Paper 4: Taxation
Group II Paper 7:
Information Technology and
Strategic Management
11. I had earlier secured exemption in a paper(s) in a group(s), on the basis of having
secured a minimum of 60% marks in the paper(s), which will be valid for the
forthcoming examination. If I appear in the remaining papers in both the
groups in the forthcoming examination, will I be eligible for a rank?
No. You will be eligible for a rank only when you appear in all the papers of both the
groups, in one sitting, without any carry forward exemption(s) and pass the
examination, securing the marks above the cut off level.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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