Watch List notes:

India (States), Dungarpur, Lakshman Singh (1918-48), AE Paisa, VS2001 (1944), Emergency issue for World War II, arms of Dungarpur state, rev. denomination and date, one bar above 'p' of paisa (KM 8), very rare in this condition, in NGC holder, graded MS63BN (Cert. #4862417-018).
The current finest certified by NGC
Estimate: £150 - £200