The forward slash is a field escape (in statdard linework code set) so it's not reading anything after the slash.
You may need to adjust the linework code set to suit your needs.
Have you looked at the instructions for Description Key Format ?
As an example if you setup a Desc Key format of CH $+ the resulting description becomes CH IR 3/8 W/CAP.
We use above format for desc key format, this way it captures all after the / as described below and appends it to the description.
This happens if the ascii file contains the field code escape / (default in linework code set for Field code escape) used to append comments to description and would be entered as CH/ IR 3/8 W/CAP.
The forward slashes in your example will not work unless you customized the Linework Code Set to use a different character than /. One possibility would be to use an underscore such as CH IR 3_8 W_CAP.
The software is using this character for the Field code escape.
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