The DD Form 1173 is a military identification card application form. It is important to file this form on time to avoid any disruptions in accessing military benefits and privileges. There is no specific penalty stated for the late filing of DD Form 1173. However, delaying the submission of this form may result in a delay of receiving the military identification card, which can impact the individual's ability to access certain benefits and privileges. It is recommended to submit the form as soon as possible to prevent any inconvenience or delays.