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C&R eligibility doesn't enter in to it. Seller is making the claim that a rifle action is not a firearm because it doesn't have a barrel, and therefore a FFL is not required for interstate trasnfers. Frankly, the seller is an idiot.
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Only mentioned C&R eligibility because the sellers C&R license, and age of the firearm were mentioned in the OP.
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I questioned the seller and he said he had a C&R license and if the barrel was missing it was a "Non-gun". Guessing at the serial #, I would say it was made in the thirty's.
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And yes, the seller doesn't know what he is talking about.