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Conditional formatting help

I have 00:00:00 (time format [hh]:mm:ss) in cell A1
I have nothing in cell A2 (Its completely BLANK)

I want to set a conditional formatting to display red color if the
value is 00:00:00 and blue color if the cell is blank. The conditional
formatting does not work as it treats 00:00:00 and BLANK both as ZERO

Can anybody help?

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