Moideen Salman (23) had concealed the saffron inside two carton boxes along with clothes and other personal effects which he brought along with him as his checked in baggage, airport sources here said.
Salman, belonging to Kasaragod in Kerala, had arrived here this morning by a Jet Airways flight.
The best quality Iranian saffron is valued at Rs two lakh per kg and Iran accounts for 95 percent of its global production.
Assistant Commissioner of Customs N Udayashankaran said further investigation was in progress.