Peter wakes up daily to pick up his cycle and crosses the border between Spain and France daily with a bag on his shoulder. He is investigated daily by the officials but they don't find anything suspicious.
If we tell you that he is smuggling something what would it be?
I am a ten letters word
The first four letters have the power to rule,
Next, four-letter can be eaten.
The next three-letter represents a lady.
I can fly as well