New Delhi, March 29 :     The modified export import policy to be announced on Wednesday will contain measures to address procedural irritants hampering exports. It will provide a special thrust to the services sector and enlarge the list of items which can be brought in without restrictions. Commerce minister Ramakrishna Hegde is expected to lift import restrictions on over 400 products. This is being done as part of the phase-out schedule India has signed at the World Trade Organisation (WTO) with its trading partners. Other major features include enlarged coverage of the Export Promotion Capital Goods (EPCG) scheme, efforts to involve states actively in export promotion and sops to exporters with proven track record by finetuning the green channel facility. The policy may also include new and revised credit rates for a host of products under the duty entitlement passbook (DEPB) scheme and transfer of more items to the special import licence (SIL) list so as to raise its premia. The commerce ministry was working on a general amnesty scheme for exporters who have defaulted on export obligation under the EPCG and other export licences, considering the tough conditions in foreign markets. But this seems to have been shot down with revenue officials opposing it. However, last-minute efforts by the commerce minister in consultation with the finance minister may lead to a truncated version of the scheme, limited only to export commitments under EPCG, being announced. Senior commerce ministry officials said the policy would aim at putting in place such mechanisms which will help export growth pick up in the next fiscal after two years of dismal performance. They said the ministry wants to provide a special thrust to the services sector as it had the potential to become a top export earner. The policy is thus likely to provide concessions to tourism, software and medical services. The commerce minister had proposed that the Planning Commission allocate Rs 500 crore to each state as an incentive to involve them in export promotion actively. But considering the precarious financial position of the country. However, this proposal may be kept in the cold storage for some more time because of the country?s precarious financial position. Hegde is also expected to announce new and revised DEPB credit rates for a range of products. The government has so far announced credit rates for 1,950 products. The government is also considering paring the Rs 20-crore export limit to fix DEPB rates. At present, the government fixes credit rates only if the export value is above Rs 20 crore.