From a CH2Cl2‐soluble fraction of the stem barks of Taxus wallichiana, one new abeo‐icetexane‐type diterpenoid, taxamairin I (1), was isolated. Its absolute configuration was elucidated based on spectroscopic interpretation and time‐dependent density functional theory (TD‐DFT) calculation of optical rotation. In addition, the plausible biosynthesis pathway for the formation of the new abeo‐icetexane‐type diterpenoid was proposed. Taxamairin I (1), at a concentration of 100 μM, did not show cytotoxicity against Hep3B human liver cancer cell lines.