Well, the area that 'needs' beveling should be already beveled to a degree straight from the factory. The surface to be polished, should be shiny from factory but may not be well polished.
Here is from IPSC rules book, page 79 (
http://www.ipsc.org/pdf/RulesHandgun.pdf):
19. Original parts and components offered by the OFM as standard equipment,
or as an option, for a specific model handgun on the IPSC approved
handgun list are permitted, subject to the following:
19.1. Modifications to them,
other than minor detailing (the
removal of
burrs and/or adjustments unavoidably required in order to fit
replacement OFM parts or components, and/or identifying marks
which add or remove negligible weight to/from magazines), are
prohibited. Other prohibited modifications include those which
facilitate faster reloading (e.g. flared, enlarged and/or add-on
magwells, etc.) changing the original color and/or finish of a
handgun, and/or adding stripes or other embellishments.
So, polishing and de-burring is allowed, the way I read it.