Error Handling in CMD

cmd /c sqlcmd -b -i script01.sql -S localhost -d master >script01.log
IF [%ERRORLEVEL%] NEQ [0] GOTO ERROR

ECHO Do Something

:ERROR
set exitstatus=1
ECHO ------------------------------------------------------------------
ECHO !!!!!                ERROR OCCURRED                !!!!!
ECHO ------------------------------------------------------------------
PAUSE
GOTO END

:END
ECHO %date% %time%
exit /b %exitstatus%