Management Accountant
40581 Points
Joined June 2010
Manasi, may be the below example in your case may convince you. Just modify the dates and you will get the answer. Please read the contents mentioned in the above file, the source of the file is ICAI.
https://220.227.161.86/24309announ14197.pdf
"I secured exemption in Paper I of PCE/IPCE/Final exam in November 2009
exam. I did not appear in the exams held in May 2010, November 2010 and also
in May 2011. I have submitted my exam application form for appearing in
November 2011 exam. Can I get the exemption in the said paper in November
2011 exam?
No. The exemption obtained by you in November 2009 exam would last only for the
next three exams, i.e. for May 2010, November 2010 and May 2011 exam,
irrespective of the fact whether you appeared in those exams or not. The exemption
you obtained in November 2009 examination stands exhausted now and will not be
valid for November 2011 exam onwards. You will have to appear in the said paper
once again in November 2011 exam."