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In this Excel tutorial by John from Excel Campus, he explains how to import and apply chart templates to enhance consistency in chart formatting. To begin, users should navigate to the Insert tab and click on any chart button, then select "More Column Charts" to open the insert chart window. From there, the user should click on the "Templates" folder, followed by "Manage Templates," which opens the file explorer to locate stored chart templates on the computer. Once the folder is accessed, users can import their preferred chart templates to apply the desired formatting and properties to their charts.