no only a graduate or a icwa inter pass student can get exemption from cs foundation... 

Yes, CPT passed students are eligible for exemption....

Registration of CPT passed students of ICAI / or Foundation passed students of ICAI-CMA to CS Executive Program: We are pleased to inform you that students who have passed Foundation Examination of The Institute of Cost Accountants of India ( ICAI-CMA ) / or students who have passed Common Proficiency Test ( CPT) of The Institute of Chartered Accountants of India ( ICAI ) are eligible to take direct registration in CS Executive Program. ( Earlier only Final Passed students of ICAI-CMA / or ICAI were allowed to take direct registration in CS Executive Program. Rs 9000/- shall be charged from them for admission in CS Executive Program. ( fees as applicable to commerce graduate ). Please disseminate the above information amongst the student community at large. Please also ask all officials working at your respective Regional Council / Chapter to take the note of it and accordingly guide students visiting at the counter of your respective offices. For more detail goto the following link: https://www.icsi.edu/webmodules/student/AdmsCPTFProg.pdf