Hi Palak,
this is as informed in BOS announcements as follows:
"Students appearing in May, 2014 examination may note that the Study Material of Paper 8: Indirect Tax Laws relevant for November, 2014 examination (prepared in accordance with the revised syllabus) is also relevant for May, 2014 examination subject to the modifications set out below.
Students, appearing in May, 2014 examination, are advised to prepare for their examination from the Revised Study Material in the following manner:
(i) Ignore Chapter 16 - Foreign Trade Policy in Section C: Customs and Foreign Trade Policy of the Study Material [as it is included only in the revised syllabus]; and
(ii) Refer to Chapters 1 - 8 relating to VAT and Inter-relationship of accounting with excise, customs and service tax grouped together under the Appendix given at the end of the Study Material [as these Chapters are included in the old syllabus but do not form part of the revised syllabus]. The Appendix is, however, not relevant for students appearing in November, 2014 examination under the revised syllabus.
The Study Material based on the Revised Syllabus of Paper 8: Indirect Tax Laws of Final Course is now available on the BoS Knowledge Portal at the Institute’s website. The Revised Study Material can be accessed from https://www.icai.org/post.html?post_id=5777.
The law stated in the Study Material is updated with the amendments made vide the Finance Act, 2013 and notifications/circulars issued till April 30, 2013.
The revised Study Material will be available at the sales counters of the Institute shortly."
Regards
Ankit