If you have scored exemption in any of your subject in CA IPCC/ CA Intermediate /CA Final (New Course of Old Course) and want to know the procedure that how to surrender exemption then in this blog I am going to share complete information that how to surrender exemption.
In case, a candidate opts for not availing the exemption, the following is the procedure for surrendering the exemption.
- The candidate shall write a letter to the Additional Secretary (Examination) informing about his/ her decision on surrendering the exemption and shall also enclose the copy of relevant mark sheet.
- On receipt of the same, ICAI shall send a proforma to the candidate which is to be executed by the candidate on a Non-Judicial Stamp Paper.
- Candidate shall note that the surrender of exemption will become effective only after furnishing of the requisite affidavit and on issue of confirmation letter to this effect by the institute.
- Make sure to submit letter for surrender of exemption before due date. Due date means 2 months before exam.
Link to check ICAI notification on surrender of exemption.
To check you can directly go to page no 16 in intermediate notification and page no 10 on final notification or simply find (CTRL+F) “Surrender” to reach directly.
Benefits of surrendering exemption
There are a lot of students who are surrendering their exemption and reason of surrendering given below-
For Intermediate & CA Final level ICAI declare top 50 list of students who are called as rank holders.
If you also want to be a rank holder then this is not possible to be a rank holder after availing exemption in any of the subject in both group.
To get a rank you must score 70% or more marks without any exemption.
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