1.Preheat oven to 160°C (140°C fan-forced). Heat half the oil in a deep, 3-litre (12-cup), flameproof and ovenproof dish over moderately high heat. Cook veal, in batches, for 1-2 minutes or until seared. Transfer to a heatproof bowl. Reduce heat.
2.Add remaining oil to dish. Cook and stir onion for 5 minutes or until soft. Stir in tomato and stock. Return veal to dish with potato, capsicum. paprika, smoked paprika and caraway seeds. Bring to the boil. Remove from heat.
3.Cover with a tight-fitting lid. Bake for 1 hour 80 minutes. Remove from oven. Stir in peas. Bake, covered, for 10 minutes more or until veal is tender.
4.Spoon goulash into serving bowls; sprinkle with parsley. Serve.