$("#dvright").on('drop', function (evt) {
                    evt.preventDefault();
                    var data = evt.originalEvent.dataTransfer.getData("Text");
                    var lst = $("#lstselectedproducts");
                    var li = "<li>" + data + "</li>";
                    li.textContent = data;
                    lst.append(li);

                    var lstSrc = $("#lstproducts");

//This is where I am expecting to remove the item from source list.
                        lstSrc.remove(data);

                    });