Parcel service fined â¹1,600 crore for smuggling cigarettes
The world's largest package delivery company United Parcel Service has been ordered to pay $247 million (â¹1,600 crore) in penalties over illegal shipping of large amounts of untaxed cigarettes in New York. Since 2010, the company has been accused of shipping over 6,83,000 cartons of cigarettes to unlicensed wholesalers, retailers, and residences. UPS is going to appeal the decision.