Capitalising the vehicle's first insurance premium

The cost of an item of fixed asset comprises its purchase price, including import duties and other non-refundable taxes or levies and any directly attributable cost of bringing the asset to its working condition for its intended use; any trade discounts and rebates are deducted in arriving at the purchase price. Examples of directly attributable costs are: 
(i) site preparation; 
(ii) initial delivery andhandlingcosts;
(iii) installation cost, such as special foundations for plant; and 
(iv) professional fees, for example fees of architects and engineers.
The cost of a fixed asset may undergo changes subsequent to its acquisition or construction on account of exchange fluctuations, price adjustments,changes in duties or similar factors. Administration and other general overhead expenses are usually excluded from the cost of fixed assets because they do not relate to a specific fixed asset. However, in some circumstances, such expenses as are specifically attributable to construction of a project or to the acquisition of a fixed asset.(AS 10) or bringing it to its working condition, may be included as part of the cost of the construction project or as a part of the cost of the fixed asset. 

So its cler that premium paid shall be capitalised along with the Toll taxes bcs these taxes are non refundable in nature.