Premiere will not produce correct timecode using Timecode Effect
All attempts to print timecode on exports are in vain as Premiere apparently produces completely random numbers, both in the export options under "effects" to produce Timecode, as well as the Effect which I tried applying to a Transparent Layer as well as an adjustment layer.
In the Export settings, I tried generating timecode as well as using the "media" option. Neither were correct. I have indeed set it to 24fps as my project and media is. Even offsetting the timecode to begin at the same number the film starts at eventually has the generated TC drifting. It doesn't make any sense to me. Here is a screenshot.

