Gold jewellery and diamonds worth Rs 4.16 crore were seized from two Mumbai-based men at the Chandigarh international airport on Monday.

The duo, Neeraj Bakulesh Jhaveri and Rushang Ramesh Mehta, were carrying diamond-studded gold jewellery along with cut and polished diamonds, worth Rs 4.16 crores, "without mandatory documents", officials of the Punjab Excise and Taxation Department said here.

The department has issued a notice to the erring persons under Section 129 of the SGST/CGST Act, officials said, adding that further investigations were underway.