There are only 2 versions of Autocad. The full version and Autocad LT, but they can both insert images with transparency.
To insert your PNG file, use the Xref Manager. Type XREF at the command prompt to open the manager, then right click anywhere inside the "File References" area and choose "Attach Image". This will allow you to insert the PNG file and then you should be able to set the transparency in the Properties palette.
When you drag and drop the image it will insert into the drawing as an OLE object and I don't believe you can set background transparency on that type of object.
You can't import images through File>Import. That's for importing CAD files.