Abstract: A dispensing closure which is particularly suited for hot fill packaging wherein vacuum conditions are present as well as the packaging of carbonated beverages wherein superatmospheric conditions are present. The dispensing closure includes a rotatable outercap that overlies, and is relatively moveable with respect to, an inner cap secured to a container mouth. The inner and/or outer cap can be integrally formed with a resilient thermoplastic gasket liner system that provides vacuum seals both between the inner or outer caps and container as well as between the inner and outer caps. The closure can be equipped with a tamper indicating band, preferably located at the base of the outer cap, which will separate from the outer cap when it is rotated and axially moved upwardly from the closed to the dispensing position.