ICAI introduced the Direct Entry Scheme and according to this scheme, students who have completed their Graduation with specified percentage of marks are exempted from appearing for CA foundation (https://www.charteredclub.com/cpt-exam/) and can directly appear for (https://www.charteredclub.com/procedure-for-submitting-ca-examination-form-online/) the Intermediate Level.  As you have just completed ypur semester 1 so you have to go through the foundation route only. You are not eligible for the direct entry route.