diff --git a/src/components/FormField/components/Spreadsheet/index.js b/src/components/FormField/components/Spreadsheet/index.js
index 7b9343f..98efc27 100644
--- a/src/components/FormField/components/Spreadsheet/index.js
+++ b/src/components/FormField/components/Spreadsheet/index.js
@@ -4,6 +4,24 @@ import { UniverSheetsCorePreset } from '@univerjs/preset-sheets-core';
 import UniverPresetSheetsCoreEnUS from '@univerjs/preset-sheets-core/locales/en-US';
 import '@univerjs/preset-sheets-core/lib/index.css';
 
+const TAG_RE = /^\{\{gepafin_field:[^|]+\|[^}]+}}$/;
+
+const buildTagMap = (workbookData) => {
+    const map = {};
+    if (!workbookData?.sheets) return map;
+    const sheetId = workbookData.sheetOrder?.[0];
+    const sheet = sheetId ? workbookData.sheets[sheetId] : Object.values(workbookData.sheets)[0];
+    if (!sheet?.cellData) return map;
+    Object.entries(sheet.cellData).forEach(([r, row]) => {
+        Object.entries(row).forEach(([c, cell]) => {
+            if (typeof cell.f === 'string' && TAG_RE.test(cell.f)) {
+                map[`${r}:${c}`] = { v: cell.v, f: cell.f };
+            }
+        });
+    });
+    return map;
+};
+
 const parseWorkbook = (val) => {
     if (!val) return null;
     if (typeof val === 'object' && val.sheets) return val;
@@ -23,6 +41,8 @@ const Spreadsheet = ({ fieldName, defaultValue, setDataFn, template }) => {
     const univerRef = useRef(null);
     const univerAPIRef = useRef(null);
     const saveTimerRef = useRef(null);
+    const isRestoringRef = useRef(false);
+    const tagCellMapRef = useRef({});
 
     useEffect(() => {
         if (!containerRef.current) return;
@@ -43,8 +63,40 @@ const Spreadsheet = ({ fieldName, defaultValue, setDataFn, template }) => {
         univerAPIRef.current = univerAPI;
 
         const initialData = parseWorkbook(defaultValue) || parseWorkbook(template) || { name: 'Sheet' };
+        tagCellMapRef.current = buildTagMap(initialData);
         univerAPI.createWorkbook(initialData);
 
+        const restoreTagCells = () => {
+            if (isRestoringRef.current) return;
+            const wb = univerAPIRef.current?.getActiveWorkbook();
+            if (!wb) return;
+            const sheet = wb.getActiveSheet();
+            if (!sheet) return;
+            const saved = wb.save();
+            if (!saved?.sheets) return;
+            const sheetId = saved.sheetOrder?.[0];
+            const sheetData = sheetId ? saved.sheets[sheetId] : Object.values(saved.sheets)[0];
+            if (!sheetData?.cellData) return;
+
+            const restorations = [];
+            Object.entries(sheetData.cellData).forEach(([r, row]) => {
+                Object.entries(row).forEach(([c, cell]) => {
+                    if (typeof cell.v === 'string' && TAG_RE.test(cell.v)) {
+                        const orig = tagCellMapRef.current[`${r}:${c}`];
+                        if (orig) restorations.push({ r: +r, c: +c, v: orig.v, f: orig.f });
+                    }
+                });
+            });
+
+            if (restorations.length === 0) return;
+            isRestoringRef.current = true;
+            restorations.forEach(({ r, c, v, f }) => {
+                sheet.getRange(r, c, 1, 1).setValues([[{ v, f }]]);
+            });
+            isRestoringRef.current = false;
+        };
+
+        let restoreTimer;
         univerAPI.addEvent(univerAPI.Event.BeforeCommandExecute, () => {
             clearTimeout(saveTimerRef.current);
             saveTimerRef.current = setTimeout(() => {
@@ -53,10 +105,13 @@ const Spreadsheet = ({ fieldName, defaultValue, setDataFn, template }) => {
                     setDataFn(fieldName, wb.save());
                 }
             }, 300);
+            clearTimeout(restoreTimer);
+            restoreTimer = setTimeout(restoreTagCells, 80);
         });
 
         return () => {
             clearTimeout(saveTimerRef.current);
+            clearTimeout(restoreTimer);
             if (univerRef.current) {
                 univerRef.current.dispose();
                 univerRef.current = null;
diff --git a/src/pages/BandoFormsEdit/components/BuilderElementSettings/components/ElementSettingSpreadsheet/index.js b/src/pages/BandoFormsEdit/components/BuilderElementSettings/components/ElementSettingSpreadsheet/index.js
index 010b3c9..b5752c5 100644
--- a/src/pages/BandoFormsEdit/components/BuilderElementSettings/components/ElementSettingSpreadsheet/index.js
+++ b/src/pages/BandoFormsEdit/components/BuilderElementSettings/components/ElementSettingSpreadsheet/index.js
@@ -12,6 +12,8 @@ import { useStoreValue } from '../../../../../../store';
 // tools
 import { xlsxToWorkbookData } from '../../../../../BandoEdit/components/BandoEditFormStep3Excel/xlsxToWorkbookData';
 
+const TAG_RE = /^\{\{gepafin_field:([^|]+)\|([^}]+)}}$/;
+
 const ElementSettingSpreadsheet = ({ value, name, setDataFn }) => {
     const callFormFields = useStoreValue('callFormFields');
     const [tagTooltip, setTagTooltip] = useState(null);
@@ -19,6 +21,7 @@ const ElementSettingSpreadsheet = ({ value, name, setDataFn }) => {
     const univerRef = useRef(null);
     const univerAPIRef = useRef(null);
     const formFieldsRef = useRef([]);
+    const isRestoringRef = useRef(false);
     const mousePos = useRef({ x: 0, y: 0 });
     const fileInputRef = useRef(null);
 
@@ -60,11 +63,54 @@ const ElementSettingSpreadsheet = ({ value, name, setDataFn }) => {
         univerRef.current = univer;
         univerAPIRef.current = univerAPI;
 
-        // Disable adding new sheets
+        // Restore tag cells whose display value was overwritten by raw tag on blur
+        const restoreTagCells = () => {
+            if (isRestoringRef.current) return;
+            const wb = univerAPIRef.current?.getActiveWorkbook();
+            if (!wb) return;
+            const sheet = wb.getActiveSheet();
+            if (!sheet) return;
+            const saved = wb.save();
+            if (!saved?.sheets) return;
+            const sheetId = saved.sheetOrder?.[0];
+            const sheetData = sheetId ? saved.sheets[sheetId] : Object.values(saved.sheets)[0];
+            if (!sheetData?.cellData) return;
+
+            const restorations = [];
+            Object.entries(sheetData.cellData).forEach(([r, row]) => {
+                Object.entries(row).forEach(([c, cell]) => {
+                    const match = typeof cell.v === 'string' && cell.v.match(TAG_RE);
+                    if (match) {
+                        const tagIds = match[1].split(',');
+                        const type = match[2];
+                        const field = formFieldsRef.current.find(f =>
+                            f.ids.some(id => tagIds.includes(String(id)))
+                        );
+                        const displayValue = type === 'value'
+                            ? (field?.placeholder || '')
+                            : (field?.label || match[1]);
+                        restorations.push({ r: +r, c: +c, v: displayValue, f: cell.v });
+                    }
+                });
+            });
+
+            if (restorations.length === 0) return;
+            isRestoringRef.current = true;
+            restorations.forEach(({ r, c, v, f }) => {
+                sheet.getRange(r, c, 1, 1).setValues([[{ v, f }]]);
+            });
+            isRestoringRef.current = false;
+        };
+
+        let restoreTimer;
+
+        // Disable adding new sheets; also schedule tag-cell restoration after each command
         univerAPI.addEvent(univerAPI.Event.BeforeCommandExecute, (event) => {
             if (event.id === 'sheet.command.insert-sheet') {
                 event.cancel = true;
             }
+            clearTimeout(restoreTimer);
+            restoreTimer = setTimeout(restoreTagCells, 80);
         });
 
         // Context menu: "Inserisci variabile GEPAFIN"
@@ -113,6 +159,7 @@ const ElementSettingSpreadsheet = ({ value, name, setDataFn }) => {
                 setTagTooltip(null);
             }
         });
+
     }, []); // refs are stable
 
     // Keep formFieldsRef in sync with store value