Premiere CC & Windows 10
Basically you would use the Tentacle Timecode Tool Software to read the Audio Timecode (LTC). On export Timecode Tool will embed this timecode into the metadata of the file and delete the audio-track that contained the LTC before. It is possible to choose “pass through” wich will not alter video or audio samples or you can transcode the footage to more editing friendly codec like DNxHD.
The exported files can be imported into Premiere and used then for existing Premiere timecode sync workflows.