Assuming the smoke is coming from within the flash unit itself (as opposed to small wisps from the diffusion dome), then the flash unit has a fault and will need to be repaired.
The unit has a two year warranty, so if it was purchased a year ago, then the warranty is still valid.
You can ship the light directly to us, but the return shipping will likely need to be to a US address, per our international sales policy. The process of getting your repair to us can be found here:
http://www.paulcbuff.com/repair.php.
As for a specific cause for the smoke is hard to say without looking at it. Even after inspection, we can say what component failed, but not necessarily why.