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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 May 2014 Dear Sir,

if suppose in may 2014 final exam out of 8 papers i get exemption in 1 paper, suppose i secure 60 + in isca and fail in rest subject is it necessary to carry forward the exemption in isca for nov 2014 exam??

(as i thnk i can get rank in nov 2014 exam but i want to give a try for may 2014 exam as whether i give the exam or or it will be counted as my attempt so in case i get an exemption i dont want to c/f it to next attempt on the expectation to secure a rank)

Thank You..

Nikhil Kaushik

Nikhil Kaushik (Expert)
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18 May 2014 you can surrender your exemption:

Please refer ICAI guidelines on surrender of exemption:

Surrender of exemption. (as applicable for May 2014 attempt). the last date for submission of surrender application shall change for next attempt)

It has been decided to allow the candidates to give option for surrendering the valid exemption already secured in toto in a paper/s on the basis of 60 percent marks, on the conditions that (i) exemption surrendered once shall be effective for all times to come for all the chances (i.e. upto a maximum of three immediate next examinations or all remaining chance/s) and under no circumstances the candidate shall be allowed to claim the surrendered exemption in future and (ii) on furnishing an affidavit to this effect on a non-judicial stamp paper of the value as applicable in the respective States. Candidates can exercise the option to surrender the exemption at any time during the currency Of the validity of exemption but before the date prescribed for doing so i.e. 3rd March, 2014 in case of May, 2014 examinations.

A candidate who wants to surrender the valid exemption, in toto secured in a paper or papers on the basis of 60 percent marks in any of the immediate last three examinations (i.e. November 2012 , May 2013 & November 2013) is advised in his own Interest to write separately to the Additional Secretary (Examinations) informing of his decision to surrender the exemption in toto along with a photocopy of the relevant mark sheet to enable the office to send further details in this regard and the proforma of the affidavit to be executed by the student. Candidates should note that the surrender of exemption shall become effective only after furnishing the requisite affidavit and on issue of confirmation letter to this effect by the Institute.

Candidates are advised in their own interest to send the letter for surrender of exemption alongwith affidavit separately by REGISTERED POST/ SPEED POST to the Additional Secretary (Exams) so as to reach on or before 3rd March, 2014 and should not be enclosed along with the examination form. The Institute shall not accept the responsibility for any such request not received upto 3rd March, 2014 or sent along with the examination form in the same envelope. Candidates are also advised not to write about their intention/decision to surrender the exemption in the examination form and no cognizance of such writing/noting/request in the examination form will be taken into consideration.

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