Various cultural programmes were held at the festival while an exhibition cum sale of local products was organised on the occasion.
The incident took place in the Hermon area in the district.
However, the seized consignment and apprehended individuals were handed over to Excise and Narcotics Department for further legal proceedings.
At least 98,000 tablets of Triprolidine HCL and Pseudoephedrine worth Rs 9.8 crore were seized from the possession of two peddlers.
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The targets were right next to the international border line, the Mizoram-Myanmar border river Tiau, but on the Myanmar side.
As per sources, seized substances including methamphetamine tablets, heroin, and foreign cigarettes was smuggled from Myanmar.
The accident occurred when Tata Sumo carrying as many as eight passengers fell from a cliff in Chhungte in the district.
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The official stated that no one was injured in the incident and none arrested yet.
The market value of the seized contraband drugs is estimated at around Rs 60-70 crore, official stated.