MilSpec
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For personal use one does not need a manufacturing license , but yes you do need to get an approval from ATF and pay excise tax on firearms as defined by NFA.
https://www.atf.gov/files/firearms/industry/0501-firearms-top-10-qas.pdf
Follow the rules buddy, we don't need you to get hauled away by ATF !!!
Read again, you need approval and excise for NFA, so if you are building a ar reciever from scratch you will not need to register it, If you do buy a full reciever, it has will have to come from FFL, thus registered by ATF. If you do build your own system from scratch you will not need to register it. Excise and registration for built from scratch comes when you have more than 10 foriegn parts, silencers, short barrels, etc.
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Firearms may be lawfully made by persons who do not hold a manufacturer’s license under the GCA
provided they are not for sale or distribution and the maker is not prohibited from receiving or
possessing firearms. However, a person is prohibited from assembling a non-sporting semiautomatic
rifle or shotgun from 10 or more imported parts, as set forth in regulations in 27 C.F.R. 478.39. In
addition, the making of an NFA firearm requires a tax payment and advance approval by ATF. An
application to make a machinegun will not be approved unless documentation is submitted showing
that the firearm is being made for the official use of a Federal, State, or local government agency (18
U.S.C. § 922(o),(r); 26 U.S.C. § 5822; 27 C.F.R. §§ 478.39, 479.62, and 479.105).
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