The arrested have been identified as Ashok Kumar Jain (63) and Mohd Akram (34), Ravindra Yadav, Additional Commissioner of Police (Crime), said.
The arrests came following an input that owner of a cigarette store would come with samples of banned gutka. Akram was the first to be arrested.
Akram told police that he is the owner of Capital Cigarette Store and working as a retailer.
"He told us that that a huge quantity of banned gutka was lying at his godown located in Gali Hinga Bij, Tilak Bazar. He also disclosed the name of supplier as Jain.
Gutka has been banned in Delhi since September 11, 2012.