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I agree. I once had a fair bit of WWII Indian made kit. Sold it for very little money as I then thought it 'uninteresting'. This is certainly one of my biggest sale regrets so far in this hobby.

A great find!
I would suggest '45 is the date. Although there were slight varieties; I have never seen this style of clasp knife with a date prior to 1939, which is, I believe, when they changed...