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They seized a stock of scented tobacco, betel nuts and paan masala worth Rs 1.97 lakh from his possession, he said.
The police arrested the man, identified as Guddu Minku Gupta, who was allegedly planning to sell the products with the help of two other persons, the official said.
Efforts were on to trace the two others, he said.
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The sale and consumption of gutka, scented and flavoured tobacco has been banned in Maharashtra since 2012.
In 2018, the state government made sale of gutka a non-bailable offence and enhanced the punishment for it from six months to three years.