Template naming convention for India Localization

Hello,

We need  some advice on how to name the item templates for India Localization.These are templates defined in the item classification screen.For instance we have to define templates for FG so shall we define one saying IN-FG-R and another IN-FG-NR to denote templates for finished goods one for recoverable and another for non-recoverable tax and so on for other item types like RM  etc?

Could someone please share any good practices in this regard.

Thanks

Rahul