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Default Formatting appearance of Time Values

Hi

I have a cell with data, formatted in hh:mm:ss. If the value in that cell is
less than 24:00:00, then I want it to appear with a green format (i.e. the
cell is filled with green colour and the text remains black), if the value is
greater than 24:00:00. then I want a similar effect but with the cell filled
in red colour. I am not getting this right with Conditional Formatting.
Please help.

 
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