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I wouldn't spend any time worrying about what the BATFE might think. They have much bigger fish to fry than a guy loading a few rounds for his buddy. I'd bet that such activity wouldn't even meet the BATFE criteria for requiring a manufacturer's license.
However, I would be concerned that something might happen to a friend who was using my reloads. On the other hand, when I'm out at the range, shooting my reloads, I don't hesitate to let folks shoot my firearms that are loaded with my reloads.
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