Management Accountant
40581 Points
Joined June 2010
Check the FAQ hosted on Institutes website for more clarity :
https://220.227.161.86/24309announ14197.pdf
What are the rules regarding “exemption” and validity period?
A candidate who has appeared in all the papers comprised in a group/unit and fails in
one or more papers comprised in that group/unit but secures a minimum of 60% of the
marks in any paper or papers of that group/unit shall be eligible for exemption in that
paper or papers in the next three following examinations.
He shall be declared to have passed in that group/unit if he secures at one sitting a
minimum of 40% marks in each of the papers of that group/unit and a minimum of
50% of the total marks of all the papers of that group/unit including the paper/s in
which he had secured a minimum of 60% marks in the earlier examination.
He/she shall not be eligible for any further exemption in the remaining paper(s) of that
group/unit until he/she has exhausted the exemption already granted to him in that
group/unit.
The implications of the above paragraph are clarified below:
i. You must have appeared in all the papers of the group/unit.
ii. You must have failed in the group/unit and should have secured a
minimum of 60 marks in any paper/s of the group/unit.
iii. The exemption is automatic and will be found indicated in the
statement of marks issued by the Institute.
iv. An exemption is valid for three immediate succeeding exams and will
be carried forward automatically for the next three examinations.
v. A candidate shall be declared to have passed in a Group/unit, if he
secures at one sitting a minimum of 40 percent marks in each paper of
the Group/unit and a minimum of 50 percent marks in the aggregate of
all the papers of that group/unit. For the purpose of arriving at the
aggregate marks, 60 percent or more marks secured earlier will also be
taken into account.
vi. As long as exemption in one or more paper(s) of a group/unit, brought
forward from an earlier attempt is subsisting, no further exemption in
any paper in that group/unit will be given, even if one secures 60% or
more marks in any paper in that group/unit.
The above rules relating to “Exemption” are common to all the exams, i.e., PCE,
IPCE, IPCE Units, ATE and Final, conducted by the Institute.