Make sure your TIME column is formatted as Time or Date (select the column → Right-click → Format Cells → Time or Custom).
When plotting, use an XY (Scatter) chart instead of a Line chart. Line charts treat the X-axis as categories, which can default to 0.
If needed, re-enter the times or use =TIME(hour,minute,second) to ensure Excel sees them as time values.
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hth
Marcin