Boswellia is a genus of trees in the order Sapindales, known for their fragrant resin which has many pharmacological uses, particularly as anti-inflammatories. The Biblical incense frankincense was an extract from the resin of the tree Boswellia sacra, and is now produced also from B. frereana. There are four main species of Boswellia which produce true frankincense. B. sacra (synonyms B. carteri and B. bhaw-dajiana), B. frereana, B. papyrifera, and B. serrata, and each type of resin is available in various grades. The grades depend on the time of harvesting, and the resin is hand sorted for quality. Medicinal Uses: Gum-resin extracts of Boswellia serrata have been traditionally used in folk medicine for centuries to treat various chronic inflammatory diseases. The resinous part of Boswellia serrata possesses monoterpenes, diterpenes, triterpenes, tetracyclic triterpenic acids and four major pentacyclic triterpenic acids i.e. b-boswellic acid, acetyl-b-boswellic acid, 11-keto-b-boswellic acid and acetyl-11-keto-b-boswellic acid, responsible for inhibition of pro-inflammatory enzymes. Out of these four boswellic acids, acetyl-11-keto-b-boswellic acid is the most potent inhibitor of 5-lipoxygenase, an enzyme responsible for inflammation. Recently, the boswellic acids that are a component of the resin it produces have shown some promise as a treatment for asthma and various inflammatory conditions. In West Africa, the bark of Boswellia dalzielii is used to treat fever, rheumatism and gastrointestinal problems. Boswellia incense may even relieve depression. We for the first time analyse the different fractions of resin and oil and exploit its commercial uses.This manuscript has been divided in to several chapters to explain its importace. All the Scientists, Students, Research Scholars will be benefited from the valuable treasure.