The Committees on Government Assurances (Rajya Sabha) in their Review meeting held in 2001 and 2002 had commended the outstanding performance of STCL and also appreciated STCL for maintaining its high level of productivity, increase in turnover and profit over the years in the highly competitive and liberalized environment. The Committee also stated that all other Public Enterprises too should share from the experience of Spices Trading Corporation Limited and emulate from its success story.

2. The Committee on Public Undertakings (COPU) constituted by the Parliament has also placed on record in the Study Report, their appreciation for having performed exceptionally well in terms of turnover, profit and productivity and for growing from strength to strength.

3. The Controller and Auditor General of India has placed on record in Report No.1 Review of Accounts dated 25.9.04 to 1.10.04; appreciated the performance of STCL wherein, the company is one amongst the top ten Public Sector Undertakings in India which have exported goods / rendered services exceeding Rs.100 Crores during 2002-2003 on the basis of ratio of export to their net sales, vide reference no. 43066 / 80 DL-14024 / 2004.

4. STCL also secured an achievement award from Spices Board, Government of India for having exported the highest quantity of Cardamom during 1987-88.