What I note as curious is the use of a crown after Independence in 1947. Maybe they were just used to doing that all along, and saw no reason to change. The English characters on the tag suggest this was sold out of service and possibly identified as a club rifle or commercial inventory. Think industrial guard. Some
India did not become a republic and had Dominion status with GRI VI as head of state for a few years after independance.
Tag shows that this one the arms acquired by Dutch East Indies/Indonesia.
Same tag appears on P14 rifles.