The logs corresponding to the failed job are as follows:
04/11/2014 06:40:00,LPR_New,Error,0,USPHND0088,LPR_New,(Job
outcome),,The job failed. The Job was invoked by Schedule 14
(LPR_New_Job). The last step to run was step 1 (Upload
Material).,00:00:00,0,0,,,,0
04/11/2014 06:40:00,LPR_New,Error,1,USPHND0088,LPR_New,Upload
Material,,Executed as user: nestle\ussqldbserver. ...00.5324.00 for
32-bit Copyright (C) Microsoft Corp 1984-2005. All rights reserved.
Started: 6:40:00 AM Error: 2014-04-11 06:40:00.39 Code:
0xC001700A Source: Description: The version number in the
package is not valid. The version number cannot be greater than
current version number. End Error Error: 2014-04-11 06:40:00.39
Code: 0xC0016020 Source: Description: Package migration from
version 3 to version 2 failed with error 0xC001700A "The version
number in the package is not valid. The version number cannot be
greater than current version number.". End Error Error: 2014-04-11
06:40:00.39 Code: 0xC0010018 Source: Description: Error
loading value "3" from node
"DTS:Property". End Error Could not load package
"\usphnd0088\dataxfer\LPR\LPR New\UploadMaterial.dtsx" becau...
Process Exit Code 5. The step failed.,00:00:00,0,0,,,,0
Have you checked what version of BIDS the project file was built in? This happens when the sql server agent's version is different from the one used to build the project that the SSIS package lives in.
There is a suggestion to rebuild the project in the correct version of BIDS that matches the server agent used to run the job. One other option is to set the location/path of the DTEXEC file you want to use (depending on which version you are using).
References: MSDN / Package migration from version 3 to version 2 failed with error 0xC001700A. The version number in the package is not valid. The version number cannot be greater than current version number.
Per this blog: http://blogs.msdn.com/b/jason_howell/archive/2014/09/30/ssis-error-when-deploying-from-vs-2013-to-ssisdb-in-sql-2012.aspx
The underlying cause is that currently (Sept 2014 timeframe) SSDT BI 2014 for Visual Studio 2013 does not support SSIS packages for SQL Server 2012.
It is a common feature request, and the product group is well aware of the demand.
http://connect.microsoft.com/SQLServer/feedbackdetail/view/944882/ssdt-bi-2014-backward-compatibility-for-ssis-2012
At present SSDT for VS 2013 only works with SQL Server 2014. You have to use SSDT-BI for Visual Studio 2012 with SQL Server 2012 SSISDB.
To provide a newer answer, using SQL Server Data Tools 2015, you can set the Deployment Target Version for your integration project to 2012, 2014 or 2016 (It defaults to 2016 and will result in version number errors on 2012/2014 DBs until you set it correctly). I successfully deploy SQL 2012 integrations now from SSDT 2015 after setting to "SQL Server 2012".