Whether interest is to be capitalise or revenuerise

Hello Everybody,

I have an query regarding Interest on Loan reimbursement for Heavy vehicle.Suppose 

Date of Loan:-13.06.2011

Date of Put to Use:-06.07.2011

Date of Ist Instalment Paid:-01.08.2011

My Question is That  whether Interest Paid on This is to be Capitalise or treated as P&L Expense.

Give Your Answer with Supportive Reason.

Thanks in advance,

Sunil Kumar Dudeja