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Exemption For CA Students in CS

Exemption For CA Students in CS

PAPER-WISE EXEMPTION ON THE BASIS OF HIGHER QUALIFICATIONS

As per the present guidelines, students pursuing CS Course are eligible for paper-wise exemptions based on

the following higher qualifications acquired by them : –

1. Passed LL.B. (with 50% of more marks in the aggregate)

2. Passed the Final Course of The Institute of Cost Accountants of India [ICAI(Cost)]

Further details pertaining to these exemptions are as under : –

Basis of Exemption

Qualification

Exemption available in paper(s)

covered under Executive

Program Stage

Exemption available in paper(s)

covered under Professional

Program Stage

Passed LL.B. (Three Years

Degree Course / or Five Years

integrated Law Course)

from a recognized

University / Institute either

constituted under an Act of

Parliament or approved by

AICTE/AIU and having

secured 50% or more

marks in the aggregate.

(Qualification code-047)

1. Industrial, Labour & General

Laws

(Paper Code – 327 of Module – 2)

No paper-wise exemptions

available for this qualification in

any paper covered under

Professional Programme Stage.

Passed Final Course of The

Institute of Cost Accountants

of India

(Qualification code-044)

1. Cost and Management

Accounting

(Paper Code – 322 of Module – 1)

2. Tax Laws and Practice

(Paper Code – 324 of Module – 1)

3. Company Accounts and Auditing

Practices

(Paper Code – 325 of Module – 2)

1. Advanced Company Law and

Practice

(Paper Code – 331 of Module –

1)

2. Financial, Treasury and

Forex Management

(Paper Code – 335 of Module -2)

3. Advanced Tax Laws and

Practice

(Paper Code – 337 of Module -3)

No exemption shall be given on the basis of any other higher qualification effective from 1st December,2013. However, Paper-wise exemptions granted on the basis of other higher qualifications prior to 1st December, 2013 will remain valid.

IMPORTANT INSTRUCTIONS FOR STUDENTS FOR CLAIMING PAPER-WISE EXEMPTION :

  1. Students are required to apply for paper wise exemption in desired subject through ‘Online Services’ on website

               http://smash.icsi.in and for procedure please follow the link

               https://smash.icsi.in/Documents/Qualification_Based_Subject_ExemptionandCancellation_Student.pdf

  1. Fee for paper wise exemption is Rs.1000/- (per subject) and is to be paid through ‘Online Services’ using Credit/Debit cards or Net banking.

  1. Students who have been granted an exemption in Executive Programme Stage on the basis of having passed Final Course of The Institute of Cost Accountants of India are required to submit their request for exemptions afresh for papers covered under the Professional Programme Stage & the same are not granted automatically.

  1. Students need to upload scanned attested copies of mark sheets of all parts/semesters of LLB degree or scanned attested copies of final pass certificate of ICAI(cost)

  1. The last date for submission of requests for exemption, complete in all respects, is 9th April for June Session of examinations and 10th October for December session of Examinations. Requests, if any, received after the said cut-off dates will be considered for the purpose of subsequent sessions of examinations only. For example, if a student requests for exemption(s) after 10th October 2017, even if he/she is eligible for such exemption(s), the same will NOT be considered for the purpose of December 2017 Session of Examinations.

  1. Students may request for cancellation of paper-wise exemption(s), granted to them on the basis of higher qualifications and/ or the 60% Marks Criteria, through the on-line facility available at https://smash.icsi.in after logging into their respective online account 15 days before commencement of examination.

  1. Since the grant/cancellation of exemption(s) have a bearing on the computation of examination results, the students are strictly advised to follow the guidelines in letter and spirit to avoid complications at the time of appearing in the examinations and/or declaration of results.

FREQUENTLY ASKED QUESTIONS (FAQ) REGARDING PAPER-WISE

EXEMPTION ON THE BASIS OF SCORING 60% OR MORE MARKS

Q1. What is the criteria for exemption on the basis of securing 60% or more marks?

Reply: The exemptions on the basis of securing 60% or more marks are granted under the following two conditions:-

First Condition :

If a candidate appears in all the required papers covered under the module and scores at least 25% marks in each paper, he/ she shall become eligible for exemption in those paper(s)in which he/she scores 60% or more marks.

Second Condition :

If a candidate appears in all the required papers covered under the module and fails in only one paper covered under the module, he/ she shall become eligible for exemption in the remaining papers, if he/she scores 60% or more marks are taken all such remaining papers together & at least 40% marks in each remaining paper.

Q2. What are the criteria for qualifying marks as per the first condition?

Reply: A candidate is required to secure at least 40% marks in each paper and aggregate 50% marks in the remaining papers to pass the module in which he/she is availing exemption. The marks obtained by a candidate in the paper(s) in which he/she had obtained an exemption on the basis of having secured sixty percent or more marks shall not be taken into account for computing his/her result of the remaining paper(s) of the module in any subsequent examination.

Q3. I have two exemptions as per the first condition. Am I allowed to cancel any one exemption out of the two exemptions?

Reply: Yes. Even after the cancellation of one exemption, the other exemption will remain valid.

Q4. What will happen if I appear in exempted paper as per the first condition?

Reply: If you appear in the examination disregarding the exemption granted and shown in the Admit Card, the exemption will be canceled without any further notice. The exemption so canceled can not be revived under any circumstances. 

Q5. I secured the following marks in the previous examination in Module II of Executive Programme Examination:

  1. CAAP ………32
  2. CMSL …….. 58
  3. ILGL …….. 63

As per the second condition, I am eligible for exemptions in CMSL and ILGL papers. What will happen if I cancel one of the exemptions?

Reply: Considering the above specimen case, if you cancel (or appear in the examinations) the exemption in say CMSL, the exemption in CMSL will be canceled while retaining the exemption granted in ILGL as per the first condition. However, if you cancel (or appear in the examination) the exemption in say ILGL, the exemption granted in both CMSL and ILGL will be canceled as you would no longer fulfill the criteria given under any of the conditions.

Q6. I secured the following marks in previous examination in Module II of Executive Programme Examination:

  1. CAAP ………26
  2. CMSL …….. 68
  3. ILGL …….. 63

As per the second condition, I am eligible for exemptions in CMSL and ILGL papers. What will happen if I cancel one of the exemptions?

Reply: Considering the above specimen case, if you cancel (or appear in the examinations) the exemption in say CMSL, the exemption in CMSL will be canceled while retaining the exemption granted in ILGL as per the first condition. Similarly, if you cancel (or appear in the examination) the exemption in say ILGL, the exemption granted in the said paper will be canceled while retaining the exemption granted in CMSL as per the first condition.

Q7. I secured the following marks in the previous examination in Module II of Executive Programme Examination:

  1. CAAP ………23
  2. CMSL …….. 68
  3. ILGL …….. 63

As per the second condition, I am eligible for exemptions in CMSL and ILGL papers. What will happen if I cancel one of the exemptions?

Reply: Considering the above specimen case, if you cancel (or appear in the examinations) in either CMSL or ILGL, exemptions in both the papers i.e. CMSL & ILGL will be canceled as you would no longer fulfill the criteria given under any of the conditions.

Q8. I secured the following marks in the previous examination in Module I of Executive Programme Examination:

  1. CL ………26
  2. CMA …….. 65
  3. ECL …….. 62
  4. ITL …….. 50

In which paper(s), I am eligible for Exemption(s)?

Reply: Considering the above specimen case, you are eligible for exemptions in two papers i.e., CMA & ECL as per criteria are given under first condition.

Q9. I secured the following marks in the previous examination in Module I of the Executive Programme Examination:

  1. CL ………23
  2. CMA …….. 65
  3. ECL …….. 62
  4. ITL …….. 50

In which paper(s), I am eligible for Exemption(s)?

Reply: Considering the above specimen case, you are not eligible for exemptions in any paper as you do not fulfill the criteria either under first condition nor second condition.

 

Q10. I secured the following marks in the previous examination in Module I of Executive Programme Examination:

  1. CL ………18
  2. CMA …….. 65
  3. ECL …….. 62
  4. ITL …….. 55

In which paper(s), I am eligible for Exemption(s)?

Reply: Considering the above specimen case, you are eligible for exemptions in three papers i.e., CMA, ECL & ITL as per criteria are given under the second condition.

Q11. I secured the following marks in the previous examination in Module I of the Executive Programme Examination:

  1. CL ………18
  2. CMA …….. 65
  3. ECL …….. 62
  4. ITL …….. 55

As per the second condition, I am eligible for exemptions in CMA, ECL & ITL papers. What will happen if I cancel one of the exemptions?

Reply: Considering the above specimen case, if you cancel (or appear in the examinations) in any exempted paper, exemptions in all the three papers i.e. CMA, ECL & ITL will be canceled.

 

Q12. I secured the following marks in the previous examination in Module I of Executive Programme Examination:

  1. CL ………25
  2. CMA …….. 65
  3. ECL …….. 62
  4. ITL …….. 55

As per the second condition, I am eligible for exemptions in CMA, ECL & ITL papers. What will happen if I cancel exemption or appear in ITL Paper?

Reply: Considering the above specimen case, if you cancel (or appear in the examinations) in ITL paper, exemptions in CMA,& ECL will remain valid as per criteria are given under first condition.

Q13. I secured the following marks in the previous examination in Module I of Executive Programme Examination:

  1. CL ……… 25
  2. CMA …….65
  3. ECL ……..62
  4. ITL ……..  55

As per the second condition, I am eligible for exemptions in CMA, ECL & ITL papers. What will happen if I cancel exemption or appear in CMA or ECL Paper?

Reply: Considering the above specimen case, if you cancel (or appear in the examinations) in CMA or ECL paper, the exemption in the paper in which you appear(CMA or ECL) and ITL will be canceled and the exemption in the other paper will remain valid as per criteria are given under the first condition.

Q14. I secured the following marks in the previous examination in Module I of Executive Programme Examination:

  1. CL ………25
  2. CMA …….. 65
  3. ECL …….. 62
  4. ITL …….. 55

As per the second condition, I am eligible for exemptions in CMA, ECL & ITL papers. What will happen if I cancel exemption or appear in CMA and ECL Paper?

Reply: Considering the above specimen case, if you cancel (or appear in the examinations) in CMA and ECL papers, exemptions in all three papers i.e. CMA, ECL & ITL will be canceled.

Q15. Is it essential to score at least 25% marks in each paper to become eligible for exemption under the 60% Marks criteria as per the first condition?

Reply: Yes, it is essential to score at least 25% marks in each paper to become eligible for exemption under the 60% Marks Criteria as per the first condition. Further, appearance in all the papers covered under the module is essential to become eligible for exemption as per the second condition.

Q16. Am I eligible for exemption even if I score less than 25% marks in one paper as per the second condition?

Reply: Yes. You are eligible for exemption under the 60% Marks Criteria as per the second condition, even if you score less than 25% in one paper. However, you should have scored 60% or more marks taken all the remaining papers & a minimum 40% marks in each remaining paper.

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