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Security was tightened in Mumbai on Thursday after two suspicious boats were found near Harihareshwar shore in neighbouring Raigad, following which the district was put on high alert.
Initial reports said that three AK 47 rifles, explosives and bullets were seized from the boat.
Sources told that the vessel is a security boat of Oman. Police is investigating the matter, while central agencies have been informed. The agencies are also monitoring the investigation, they added.
As soon as the boat of "Neptune Maritime Security" was found, security was tightened in the financial capital as Mumbai is just 200 km from Harihareshwar shore and Pune is 170 km away.
Police have swung into action and checking vehicles on Mumbai-Goa highway.
Maharashtra police, crime branch and the Anti-Terror Squad (ATS) are verifying the claim. Neptune Maritime Security, meanwhile, has said that they will issue a statement on the incident shortly.