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Q: engine light on 2005 Mercedes-Benz SLK350

My engine light goes on but the car runs fine with lots of power. I have checked gas cap and that is secure. No smells no anything. Could it be a malfunction in the light or something to do with the e-mission. Car only has 20K miles on it.
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It the check engine light is on something is telling the computer there is a problem some where. The only way to narrow it down is have the codes read.
I have a code 03473101 as per MB quote to "remove & refit & balance shaft". The price they're asking is in the $1,000's and I'm wondering if this really is the problem? The yellow engine light continues to go on and off intermittently making me wonder if it is perhaps only the engine warning light that's faulty! Any thoughts would be appreciated.
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