Recap of Guidelines for Continuing the CA Exams Exhausted Exemptions – Making Exemption Permanent

Hello Everyone,

Those candidates who have secured the Exemption from May 2022 Examination and onwards will have the option for continuing the said exemption immediately on exhaustion of the same.

For example: Candidates who had secured Exemption in May 2022 Exam, which was valid till November 2023 CA Exam, will get the option to continue their exemption on exhaustion of the said exemption after the declaration of November 2023 Results. Likewise, those candidates who have secured Exemption in November 2022 Exam, which is valid till May 2024 CA Exam, will get the option to continue their exemption on exhaustion of the said exemption after declaration of May 2024 Result and so on.

Exemption in any paper/s that has become exhausted upon declaration of the result of immediately succeeding third exam will be shown to the candidates as per dates given in the Important Dates area at https://www.icai.org/post/exam-may-june-2024 . ( 11:00 am of 15^th February 2024 to 23:59 pm of 09^th March 2024)

The Candidate desirous of making the exhausted exemption permanent will have to apply for the same at https://pe.icaiexam.icai.org by using their SSP loginID and Password.

Candidates will get only ONE chance to make exemption permanent ( ie; exemption secured in May 2022 and getting exhausted after conduct of November 2023 exam will be shown before the conduct of May 2024 exam as per specified dates and if not made permanent by the candidate during that period then that exemption will lapse forever)

If a candidate has exemption in two papers of the same group, for example , papers 1 and 2 of Group-I that are offered in this window, then, he/she has to apply either for making both exemptions (i.e.; paper-1 & paper-2 in Group-1) permanent or let both the exemption lapse. He/she cannot opt to continue exemption in one paper and let it lapse in the other paper.

Upon making an exemption Permanent for any group, the candidate will have to pass the relevant group with at least 50% marks in each of the remaining papers of that group. Refer regulation 37D(9) For Intermediate and 38D(8) For Final.

There will be no Correction Window or Window with Late Fee after the inputs are taken.

Candidates will have the option to surrender and re-appear in the exempted paper(s).

Candidates securing exemption in Paper-4 of Final in May 2022, Nov 2022, May 2023 or Nov 2023 exams will automatically get PERMANENT exemption from appearing in Self-Paced Module SET-A and need not apply.

Students securing exemption in Paper-5 of Final in May 2022, Nov 2022, May 2023 or Nov 2023 exams will get PERMANENT exemption from appearing in Self-Paced Module SET-B and need not apply.

If there is a Permanent Exemption (PE) in a group, then, no new exemption will be granted in that group.

If a candidate opts for continuing the exemption after exhausting the same, then the Exempted Marks will be limited to 50 and excess marks of the permanent exempted paper cannot be considered for complying with the 50% aggregate marks

requirement of the same or other Group.

Candidates are made aware in the announcement dated 24-08-2023 about exemption rules under the transition from old to new scheme. (Please read https://resource.cdn.icai.org/75658exam61200.pdf) The relevant mapping is given hereunder for ready reference

FINAL COURSE

Paper(s) under Existing Scheme	Corresponding paper(s) under New Scheme
Paper 1: Financial Reporting	Paper 1: Financial Reporting
Paper 2: Strategic Financial Management	Paper 2: Advanced Financial Management
Paper 3: Advanced Auditing and Professional Ethics	Paper 3: Advanced Auditing, Assurance and Professional Ethics
Paper 4: Corporate and Economic Laws	Self-Paced Online Module SET A: Corporate and Economic Laws
Paper 5: Strategic Cost Management and Performance Evaluation	Self-Paced Online Module SET B: Strategic Cost & Performance Management
Paper 6: Elective Paper	Paper 6: Integrated Business Solutions
Paper 7: Direct Tax Laws and International Taxation	Paper 4: Direct Tax Laws & International Taxation
Paper 8: Indirect Tax Laws	Paper 5: Indirect Tax Laws

INTERMEDIATE COURSE

Paper(s) under Existing Scheme	Corresponding paper(s) under New Scheme
Paper 1: Accounting	Paper 1: Advanced Accounting
Paper 2: Corporate and Other Laws	Paper 2: Corporate and Other Laws
Paper 3: Cost and Management Accounting	Paper 4: Cost and Management Accounting
Paper 4: Taxation	Paper 3: Taxation
Paper 5: Advanced Accounting	Paper 1: Advanced Accounting
Paper 6: Auditing and Assurance	Paper 5: Auditing and Ethics
Paper 7: Enterprise Information Systems & Strategic Management	Paper 6: Financial Management and Strategic Management
Paper 8: Financial Management & Economics for Finance	Paper 6: Financial Management and Strategic Management