Section 40
Power of Central Government to exempt certain biological resources.
The Biological Diversity Act, 2002
About this Act
An Act to provide for conservation of biological diversity, sustainable use of its components and fair and equitable sharing of the benefits arising out of the use of biological resources, knowledge and for matters connected therewith or incidental thereto.
Notwithstanding
anything contained in this Act, the Central Government may, in consultation with the National Biodiversity Authority, by notification in the Official Gazette, declare that the provisions of this Act shall
not apply to any items, including biological resources normally traded as commodities.