We report the effects of the rotational motion of the director around the chiral smectic cone on the dielectric relaxation and polarization reversal process in a surface stabilized ferroelectric liquid crystal cell. Measurement was made at a fixed temperature (40uC), far below the SmA-SmC* transition temperature (62uC) of the ferroelectric liquid crystal material (CS-1027). The amount of switchable polarization (ASP), during the polarization reversal, is found to decrease with increasing frequency of the applied signal until a typical value of frequency (f l ) is reached. This behaviour is considered to be due to the timedependent rotational motion of the director. The ASP value was calculated by measuring polarization-voltage (P-V) and capacitance-voltage (C-V) hysteresis loops as a function of the applied signal frequency and then following the Preisach model for the ferroelectric capacitor. The peaks of the C-V hysteresis loop, which correspond to the reversal of polarization, are gradually converted into wells for frequencies greater than a critical value (f i ). The hysteresis loops shows 'frustrated' behaviour for frequencies between f l and f i . The inversion of the C-V hysteresis loop at higher frequencies (.f i ) is attributed to the inversion of the dielectric biaxiality and the corresponding 'frustrated' behaviour arising due to competition between the dielectric and ferroelectric torques. A suitable equivalent circuit can be designed to represent the frequency-dependent C-V and magnitude of admittance (conductance) -voltage (G-V) hysteresis behavior.