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There is no law that requires that the proper caliber be engraved in an AR lower.
In my case, my SBR'd lowers house both 5.56 and 300B, so "multi" is the most appropriate designation.
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It is in fact required by law for an NFA firearm, even one "made" by an individual.
It does not have to be on the receiver, though - the law allows for it to be marked on the "frame, receiver or barrel".
Further, the caliber can be changed after the firearm is first made, and there is no law requiring the markings to be changed to reflect the new caliber - it just has to be on there in the caliber in which the firearm was first made.
In the case of an AR lower marked "Multi", ATF will not approve a form marked with that for caliber, though they used to allow it.