I'd like to second what you say. I am on a Mac Pro 2013 with a new and up to date Premiere CC. I am working with a mix of EOS 5d footage and h264 mp4 files. I was getting the " A low level exception occurred in: Importer MPEG" error, but changing my sequence settings to CUSTOM from DSLR, and using the Pro Res 422 as my render codec sorted me out. No probs now! Thanks!
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