What is the significance of the holes through the lower band? Something to do with Indian service?
I believe that the holes were used for the sight on a grenade launcher.
a) Maybe its been a grenade launcher and has been re-furbed - whats the barrel internals like ?
or
b) Maybe it has been re-built using parts from a grenade launching rifle ?
Mine are not the best, but they are not too bad. I can think of lots of Enfields I'd rather have but instead of constantly striving for more, sometimes it's good to be satisfied with what one has...