AS7 can't find a JAX-RS Application class deployed with the application.

14:20:36,333 INFO org.jboss.as.server.deployment (MSC service thread 1-3) JBAS015876: Starting deployment of "jaxrs-basic"
14:20:36,380 ERROR org.jboss.msc.service.fail (MSC service thread 1-4) MSC00001: Failed to start service jboss.deployment.unit.jaxrs-basic.POST_MODULE: org.jboss.msc.service.StartException in service jboss.deployment.unit.jaxrs-basic.POST_MODULE: Failed to process phase POST_MODULE of deployment "jaxrs-basic"
at org.jboss.as.server.deployment.DeploymentUnitPhaseService.start(DeploymentUnitPhaseService.java:119) jboss-as-server-7.1.1.Final.jar:7.1.1.Final
at org.jboss.msc.service.ServiceControllerImpl$StartTask.startService(ServiceControllerImpl.java:1811) jboss-msc-1.0.2.GA.jar:1.0.2.GA
at org.jboss.msc.service.ServiceControllerImpl$StartTask.run(ServiceControllerImpl.java:1746) jboss-msc-1.0.2.GA.jar:1.0.2.GA
at java.util.concurrent.ThreadPoolExecutor$Worker.runTask(ThreadPoolExecutor.java:886) JBAS011230: Could not load JAX-RS Application class
at java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:908) JBAS011230: Could not load JAX-RS Application class
at java.lang.Thread.run(Thread.java:662) JBAS011230: Could not load JAX-RS Application class
Caused by: org.jboss.as.server.deployment.DeploymentUnitProcessingException: JBAS011230: Could not load JAX-RS Application class
at org.jboss.as.jaxrs.deployment.JaxrsScanningProcessor.scan(JaxrsScanningProcessor.java:221)
at org.jboss.as.jaxrs.deployment.JaxrsScanningProcessor.deploy(JaxrsScanningProcessor.java:101)
at org.jboss.as.server.deployment.DeploymentUnitPhaseService.start(DeploymentUnitPhaseService.java:113) jboss-as-server-7.1.1.Final.jar:7.1.1.Final
... 5 more
Caused by: java.lang.ClassNotFoundException: edu.certification.abhijitsarkar.ocewsd.jaxrs.basic.CarApplication from [Module "deployment.jaxrs-basic:main" from Service Module Loader]
at org.jboss.modules.ModuleClassLoader.findClass(ModuleClassLoader.java:190)
at org.jboss.modules.ConcurrentClassLoader.performLoadClassUnchecked(ConcurrentClassLoader.java:468)
at org.jboss.modules.ConcurrentClassLoader.performLoadClassChecked(ConcurrentClassLoader.java:456)
at org.jboss.modules.ConcurrentClassLoader.performLoadClass(ConcurrentClassLoader.java:398)
at org.jboss.modules.ConcurrentClassLoader.loadClass(ConcurrentClassLoader.java:120)
at org.jboss.as.jaxrs.deployment.JaxrsScanningProcessor.scan(JaxrsScanningProcessor.java:217)
... 7 more